Binding Contract
Owning one’s own home is a dream of every individual. But as fate would have it, the current economic crisis with rampant job cuts in the US have made this dream a distant reality for many. The introduction of President Obama’s home stimulus package has, however, made this goal significantly more achievable for [...]
Continue reading about First Time Home Buyer Stimulus – Tax Credit Deadline Extended …
If you’ve been in the market for a new home for the first time, you’ve probably been swamped by a tantelizing offer by the government that boasts up to $8,000 in your pocket in the form of tax credits. Well, that offer runs out at the end of this month. Taken from irs.gov, “Under the [...]
Continue reading about First Time Home buyer Tax Credits At Its End « Park Community …
RISMEDIA, December 17, 2009—Coldwell Banker Real Estate LLC announced the findings from a new survey that looked at how the recently expanded federal homebuyer tax credit, which opened up the credit to existing homeowners, might impact the economy. Of the more than 1,000 homeowners surveyed, 83% responded that if they were to purchase a home [...]
Continue reading about Consumers' Anticipated 'Smart Spending' of Home Buyer Tax Credit …
http://www.irs.gov/newsroom/article/0,,id=204671,00.html
“The Worker, Homeownership and Business Assistance Act of 2009, signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close [...]
Continue reading about First-Time Homebuyer Credit Extended And Expanded « MPLIC …
As part of The Worker, Homeownership and Business Assistance Act of 2009 Congress passed an extension to the First Time Homebuyer program. Our “Friends” at the IRS have created a list of ten important things they want you to know about the program. If you are in the market for a new home, according to [...]
Continue reading about IRS Top Ten Important Homebuyer Credit Facts | Mortgage Law Network