Real estate blog entries tagged with tax credit by Tom Burris | Texas Mortgage Dallas Mortgage FHA (DallasLoanGuy.com (214) 763-4629 cell/text/nights/weekends)

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Home : Blogs : Tom Burris | Texas Mortgage Dallas Mortgage FHA : Texas Home Loan Blog : Tag "tax credit"

tax credit: Home Buyer Tax Credit Deadline Extended - 07/01/10 12:03 PM

Home Buyer Tax Credit Extended
Late Wednesday night the Senate passed a House-passed measure to extend the Tax Credit to Sept 30th 2010.The bill will now go to the President who is expected to sign the bill immediately.
This bill only extends the deadline to close on a home that went under contract on or before April 30th 2010. This bill will likely help thousands of homebuyers who have been bogged down in underwriting due to the rush of new contracts that came in just before the April 30th deadline.
While this measure does not particularly help the housing industry with … (5 comments)

tax credit: New Homebuyer Tax Credit.... What you need to know - 11/07/09 10:51 AM

New homebuyer tax credit

A new tax credit for homebuyers has been enacted and there are some changes. Income limits have been increased and it is no longer restricted to First Time Homebuyers.
I have included a chart below from the National Association of Realtors. This is the best illustration I have seen so far and will help answer many questions. I have heard positive feedback from those that have called the IRS from the phone numbers found on their website, irs.gov. Hold times are short and you can easily get to a human being!!
The effective date of this … (2 comments)

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