Searching for a home in Traditions in Port St Lucie, Florida?  There are plenty of homes available in Traditions. Please call us at 1 800 778-8335 today for short sale and/or foreclosure information.

There are several nice subdivisions to choose from including Bedford Park, Heritage Oaks, The Lakes, Town Park, Promenade, The Estates and Seasons.

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Welcome to one of the friendliest places on earth and the BEST place to purchase the home of your dreams, Pt St Lucie, Florida.  Call Sharon today at 772-971-6747 for the best prices on the best homes available in Pt St Lucie.

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Address: 601 Sw Andros , Port Saint Lucie FL 34986 Price: $139,900 Property Type: Single Family MLS Listing ID: R3137623 Description: City: Port Saint Lucie County: Saint Lucie Zip Code: 34986 State: FL APN:

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2,604 Square Foot & 2,401 Square Foot
Professional Offices
Port St. Lucie, FL

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The Treasure Coast received more than $8 million in federal aid Wednesday to help neighborhoods hit hard by foreclosure.

The money is part of $1 billion allocated nationally by the U.S. Department of Housing and Urban Development, of which $208.4 million is for Florida.

This is the federal government’s third round of Neighborhood Stabilization funding. As with prior rounds, each government must decide if it will accept the money.

For Port St. Lucie, the $3.5 million announced Wednesday brings to $17 million the amount the city has received, the most of any Treasure Coast government.

“We’ve expended at this point almost $12 million, so this money couldn’t have come at a better time,”

said Tricia Swift-Pollard, community services director for Port St. Lucie. The city used the prior grant to purchase 140 homes and completed restoration of 48. “We have to sell some in order to continue the rehab,” Swift-Pollard said.

Don Cole, Martin County housing program manager, said the money would be expected to go towards the continued purchase and resale of foreclosed homes.

“We’re considering using it in the same model we did before with the rehab, purchase and resale,” Cole said.

The program had previously allowed the county to purchase five homes and the additional money could save 10 to 15 homes, Cole said.

Robin Miller, program director with the Indian River County Housing Authority, said the county will have to determine which criteria the federal government has set. “I know the criteria we’re under right now is we purchase foreclosed homes, we refurbish them and then we’ll be selling them,” Miller said.

Indian River County, which has used part of the $4.1 million it had previously received to acquire 16 foreclosed properties, also shares the money with the Treasure Coast Homeless Services Council, Miller said.

According to HUD, the money can be used to buy land and property, demolish or rehabilitate abandoned properties, and offer assistance to low- to moderate-income home buyers. In distributing the money, the Obama Administration looked at the number and percent of home foreclosures, percent of homes with sub prime mortgages, and the number and percent of homes with late loan payments.

The program began in July 2008, when former President George W. Bush authorized a $3.92 billion grant for states and local governments to buy and maintain homes being foreclosed.

Thanks to The Palm Beach Post

3 Bedroom, 3 bath, 2 car garage built in 2003. Over 3,200 sq. ft.! 1/2 acre lot near Tradition and I95. Reduced $149,900

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Homebuyer Tax Credit

Special Rules for Members of the Military, the Foreign Service and the Intelligence Community

Recognizing their unique circumstances, Congress approved exceptions that give qualified members of the military, Foreign Service and intelligence communities an extra year to buy a home and claim the federal homebuyer tax credit. The exceptions apply to both the $8,000 tax credit for first-time homebuyers and the $6,500 tax credit for existing homeowners who purchase another home.

Extension of Tax Credit Rules

• The homebuyer tax credit extension is available for qualified purchases with a binding sales contract in place on or before April 30, 2011, and closed by June 30, 2011. Qualified service members (and if married, the service members’ spouses) who served on official extended duty outside the U.S. for 90 days or more at any time between Jan. 1, 2009, and April 30, 2010, are eligible.

• A person forced to return to the U.S. for medical reasons before completing an assignment of at least 90 days of qualified official extended duty outside the U.S. may also qualify for the one-year extension.

Exemption from Tax Credit Recapture Rules

Typically, homes that are sold or that cease to be used as a principal residence within three years of the initial purchase are subject to recapture (repayment) of the tax credit. However, qualified service members who sell or move from a tax credit home within three years of the initial purchase due to official extended duty assignments are exempt from the recapture rule.

Definitions: Qualified service member means a member of the uniformed services of the U.S military, a member of the U.S. Foreign Service or an employee of the intelligence community. Official extended duty means any period of extended duty outside the U.S. for at least 90 days during the period between Jan. 1, 2009, and April 30, 2010.

Note: Only one spouse must be overseas on official extended duty for the requisite amount of time for either spouse to be eligible for the 2011 extension to purchase a principal residence and claim the credit.