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2008 mortgage law: 2008 Housing Recovery Law - Tax Incentives Reviewed - 02/19/09 12:17 PM
By Jeff Geoghan for Coldwell Banker
The Housing Recovery Bill enacted in July 2008 addressed first-time buyers of primary first residences purchased between April 9th and December 31st, 2008.  If you fall into this time frame, it’s important that you are aware of the tax incentives available with your 2008 return.
Here’s a summary of the program:
 
Tax Credit Amount - $7,500 Eligible Properties – All homes eligible as long as used for primary residence. Refunds Applicable? – YES.  If credit exceeds your net tax liability for 2008 or 2009 (you choose which), then you will get the difference as … (0 comments)

2008 mortgage law: Lancaster PA Mortgage News - The 2008 Law Highlights - 08/07/08 11:59 AM
Last week, President Bush signed a $300 Billion rescue plan into law called the "Housing and Economic Recovery Act of 2008". There are more than 700 pages to the bill and I wanted to give you the highlights -  however, more information will follow as the bill becomes fully enacted.  If you are looking at homes for sale in Lancaster or invest in Lancaster PA real estate using a mortgage, you need to understand how this legislation affects you.
Tax Credits - First time homebuyers are receiving an awesome incentive to buy a home. If you haven't owned a home in … (0 comments)

 

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Coldwell Banker Select Professionals

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