Posts Tagged: home buyer tax credit

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Home Buyer Tax Credit Extended And Expanded

President Obama signed a revised home buyer tax credit into law today. Before I get too far into this, let me clarify that we are in the business of helping people buy and sell homes and this tax credit is definitely good for our clients today – maybe not tomorrow, but at least for today…. Read more

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Not So Good News On $8000 Tax Credit

A couple weeks ago, the NAR made an announcement that the $8000 tax credit could be used as the down payment for FHA loans.  Some opined that lenders would provide a “bridge loan” for the down payment.  Unfortunately, this was rescinded.  Currently, the funds are only available in the form of a tax credit, which… Read more

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First Time Home Buyers, Good News on $8000 Tax Credit

According to Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment on the purchase of a new home.  He shared this information at midyear legislative meetings held in… Read more

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What is this new home buyer tax credit all about?

Like me, you might be confused on the new tax credit passed recently. A credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence between January 1, 2009 and December 1, 2009 has been made available under the American Recovery and Reinvestment Act of 2009. The National Association of REALTORS states… Read more