2 beds, 2 baths

986 SF

1 Garage space

Private terrace

10 Museum Way #2125 at the Regatta Riverview Residences in East Cambridge is available for $565,000. Call Elad Bushari at 617-529-7079 for more information.

Proudly resting atop Nobscott Mountain in the exclusive Skyview Estates neighborhood, this spectacular property offers cascading views over 820 acres of state park land to the panoramic Boston skyline. This commanding estate features the utmost in privacy and luxury. Take advantage of this rare opportunity to customize this elegant residence and build your dream home.

85 Carter Drive in Framingham offers a sprawling 15,000 square fee of living space, a spectacular roof deck overlooking breathtaking views, 6 bedrooms, 8 bathrooms and 3 half-bathrooms. The 3.6 acre lot sits peacefully a the end of a quiet cul-de-sac. The 4 garage spaces feature radiant heat floors and there is ample backyard space for a pool.

Available as a blank canvas for $3,495,000 and completed for $5,495,000.

See more information and specifications at www.FraminghamLuxury.com or call Elad Bushari at Bushari Group Real Estate 617-529-7079 for more information.

The Regatta Riverview Residences is an premier, full-service building overlooking the Charles River and Boston skyline. Across from the new North Point Park and only steps to Beacon Hill and the Esplanade, the Regatta is a tranquil oasis in the heart of it all. Building amenities include 24-hour concierge, indoor pool, fitness center, movie theater and club room.

Living Area:  1,730 SF

Bedrooms:    2 + study

Baths:            2

Garage:         2

Pets:              Yes / with restrictions

Price:           $6,500/mo

The legislation would give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000.

Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale.

The bill allows only people who already have signed contracts to finish at the later date.

The National Association of Realtors had estimated this week that about 180,000 home buyers who already signed purchase agreements were likely to miss the Wednesday deadline.

The House approved the measure Tuesday.

Legislation in the Senate, sponsored by Majority Leader Harry Reid (D-Nev.), was approved Wednesday night by unanimous consent.

The popular tax credit has helped to stabilize the nation’s slumping housing market. Nearly three million taxpayers claimed the tax credit through May 22 – claiming more than $21 billion – according to the Treasury Department.

The Realtors group said the tax credit generated 1 million home sales that would not have happened otherwise.

The bill would also make it easier for the Internal Revenue Service and state prison officials to share information about inmates in order to fight fraud.

The Treasury Department’s inspector general for tax administration reported last week that nearly 1,300 prison inmates had improperly received more than $9 million in tax credits for home buyers while they were locked up.

The report said the IRS did not have up-to-date information on inmates.

The tax credit for first-time home buyers was part of Obama’s economic-recovery package enacted last year. In November, Congress extended the credit and expanded it to longtime owners who bought new homes. First-time buyers were eligible for a tax credit of up to $8,000. Current owners who bought and moved into another home could qualify for a credit of up to $6,500.

The Realtors group had been pushing hard in Congress for the extension. Mortgage lenders, the trade group said, have been swamped with borrowers trying to get approved by the end of the month.

Delays with mortgage lending and appraisal companies have meant that home sales are taking far longer to complete this year.

There have been particularly long delays for buyers of so-called short sales, in which banks agree to accept less than the total mortgage amount. In Las Vegas, for example, short sales made up nearly a third of all sales last month.

Brett is an enthusiastic and knowledgeable real estate professional with more than 12 years of experience in the financial services industry in the Boston area.  His experience as a mutual fund salesperson, institutional fixed income analyst, and mortgage loan officer has enabled him to provide his real estate clients with a high level of client service and a results orientated approach from beginning to end.

Brett brings value to both first-time homebuyers experienced real estate investors. Brett’s energy, attention to detail and positive attitude have helped him successfully negotiate challenging real estate transactions in the local Boston area.

Brett has lived in several Boston neighborhoods since 1992 and has a strong interest in the local history and financial economy of the area.  He graduated from Northeastern University with a BS in Finance and International Business.  He is also is an avid traveler, history aficionado and student of European languages.  He has lived in London, England and studied international finance at the graduate level in Reims, France.

Brett is eager to use his experience and knowledge to help buyers, sellers and renters accomplish their real estate goals.

The move by Senate Majority Leader Harry Reid would give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale.

The proposal, approved by a 60-37 vote, would only allow people who already have signed contracts to finish at the later date. About 180,000 homebuyers who already signed purchase agreements would otherwise miss the deadline.

Reid, D-Nev., added the proposal to a bill extending jobless benefits through the end of November. Nevada has the nation’s highest foreclosure rate, and Reid is facing a tough re-election campaign.

The Realtors group has been pushing hard in Congress for the extension. Mortgage lenders, the trade group says, have been swamped with borrowers trying to get approved by the end of the month. Many potential borrowers are unlikely to make the deadline.

“If Congress fails to act promptly, then prospective homebuyers might not get the benefit of the homebuyer tax credit, even though they have completed contracts,” the Realtors said a a letter to lawmakers.

First-time buyers were eligible for a tax credit of up to $8,000. Current owners who bought and moved into another home could qualify for a credit of up to $6,500.

The $140 million cost of the measure would be financed by denying businesses the ability to deduct from their taxes punitive damages paid when losing lawsuits or judgments.

“As the leading advocate for homeownership and housing issues, NAR commends these Senators for their attentiveness and sensitivity to thousands of qualified home purchasers, who through no fault of their own, are not able to meet the closing deadline of June 30 for the home buyer tax credit. Now we urge the Senate and the House to act quickly to pass this legislation and ease the minds and pocketbooks of these home buyers,” said NAR President Vicki Cox Golder.

The measure was offered as an amendment to H.R. 4213, a tax extension bill now in the Senate.

NAR estimates that approximately 75,000 home buyers of distressed properties who have qualified for the tax credit and met the contract deadline of April 30 would not be able to close their transaction by the June 30 closing deadline. REALTORS® have reported as many as one-third of qualified applicants have been notified by lenders that their mortgages will not close before June 30 due to the sheer volume of applications in the pipeline.

“These are not buyers who just entered into the market. These are buyers who previously met all the qualifications for the tax credit, but find themselves at the mercy of a work-flow jam with the lenders or other delays and might not be able to complete the purchase of their homes,” said Golder. “It would be a tragedy for them not to be able to complete the purchase in time to claim the credit.”

Golder said she also wanted to make this clear: “This amendment does not extend the deadline for home buyers to qualify for the tax credit; it extends the deadline for closing the transaction, from June 30 to Sept. 30. Since these applications were already in the pipeline and figured into the program’s cost, the extension of the closing deadline should not incur any further government costs.”

“Exhale will integrate a collection of spa, fitness, healing, and relaxation programs throughout Battery Wharf to create a signature retreat on Boston’s urban waterfront, inspiring transformation and renewal in everyday life,” said Annbeth Eschbach, CEO and President of exhale.

The Residences at Battery Wharf have been described as sophisticated, elegant and wonderfully European. They form a surprisingly private enclave in a resort-like setting on the edge of the North End waterfront.

Ranging from one bedroom + study to four bedrooms, these homes are well designed, well executed, and offer magnificent city and harbor views. All of the features one would expect in such a home are here: top-of-the-line finishes, private decks on most units, garage parking, and private storage, plus proximity and access to the Fairmont Battery Wharf hotel and Sensing Restaurant.

American Brewery Lofts Development just announced that they are going to auction off their remaining 21 lofts!

On Saturday, June 26, 2010 these lofts are going to be auctioned off at 50% discount!!!

About American Brewery Lofts

Historical elements have been preserved and enhanced ranging from over-sized industrial windows, vaulted brick ceilings, ornamental metal, terra cotta cherubs and original 19th century signage. Arched granite entries lead to a 5,000 square foot interior courtyard with original cobblestones. Period clock faces are mounted at the turreted peak, and Queen Anne style architecture is seen throughout.

American Brewery Lofts Features

• Original brewery space featuring arched granite entry, and exposed brick
• Distinctive Loft floor plans with ceiling heights between 9’ – 23’
• Stainless Steel Appliances
• Countertops are a combination of Formica and butcher block
• Modern bathrooms with sleek finishes
• W/D hookups in every unit
• Individual climate control
• Units are pre-wired for cable and internet
• Additional private storage area
• Fitness Room
• Professional management
• Secured Garage parking
• 5,000 sq ft private, landscaped Courtyard
• Dual Elevator service
• Bike storage

Lofts Auction

FHA loans have surged in popularity. In 2005, government-backed FHA loans represented about 2.8% of total loans originated. Today, the number is closer to 30%. Over the past couple of years, as credit standards tightened, FHA loans have become the loan of choice for many homebuyers.

Contributing to the popularity of FHA loans is that the maximum loan amount limit has increased from $417,000 to as much as $729,750, depending on the county in which the home is located. Also, if you qualify for a loan, the loan-to-value (LTV) ratios are potentially higher than those for conventional mortgage loans. With FHA loans, a buyer can borrow up to 96.5% of the value of a home. The potential for a higher LTV also makes FHA loans an attractive option for homeowners wanting to refinance. And FHA loans come with fixed mortgage rates providing stable payments over the life of the loan. Also, FHA closing costs can be financed into the total amount of the mortgage.

Traditionally, FHA mortgages were used to assist first-time homebuyers who may not have otherwise qualified for a loan. But FHA loans are no longer just for first-time homebuyers. They are increasingly used by move-up buyers. The only restriction is that a purchaser may have only one FHA loan at a time.