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Limroth Installed as President
Richard Limroth
Richard Limroth
Richard Limroth of RE/MAX Valley, REALTORS was installed as RVAR President on December 11th at the Installation Breakfast. Also installed were Joe Sutliff of RE/MAX All Stars as President-elect and Barry Bridges of Weichert, REALTORS Bridges & Co as Vice President. Three new Directors were installed: Karen Bertrand of Long & Foster, REALTORS; Kathy Bibb of MKB, REALTORS and Barbara Brooks of RE/MAX Lakefront Realty. Your 2010 Board of Directors stands ready to serve you!
 
VAR Short Sale Forms Available
VAR has recently introduced four short sale-related forms:  Short Sale Information for Sellers; Short Sale Information for Buyers; Short Sale Addendum for Exclusive Right to Represent Seller Agreement; Short Sale Addendum for Contract of Purchase.  You may access these forms in Instanet’s online forms library.
 
Tax Credit Extended and Expanded
President Obama signed a bill on November 6th extending and expanding the home buyer tax credit. First time home buyers will continue to be eligible for an $8,000 tax credit. “Move up buyers” will be eligible for a new $6,500 tax credit. These temporary tax credits are only available for home purchases that go under contract before May 1, 2010 and that close before July 1, 2010.

VAR has produced a one-page flyer explaining the tax credit, which is suitable for your clients and customers. NAR has created a Q & A to help Realtors understand the details of the tax credit.
 
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