first time buyer tax credit program: Tax Credit Extension has passed - July 1 2010 - 07/01/10 03:50 PM
Hot off the presses!
The House and Senate have passed a bill that extends the closing date requirement for contracts eligible for the First time or Existing owners Tax Credit. There will be no lapse in eligibility from yesterday June 30 - the previous final date - and whenever the President signs the bill into law. The extension now goes to September 30. If you are working a short sale or some other complex transaction that is taking forever - this should help! One thing to keep in mind - Sept 30 will be here sooner than you think - and … (0 comments)
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first time buyer tax credit program: TAX CREDIT CLOSING DATE EXTENSION MAY BE COMING! - 06/15/10 03:03 PM
Under a proposal introduced in DC is an extension to the deadline to close on home purchase contracts
that were executed (officially complete)by the April 30th timeline. This measure seems to be gaining a
good amount of traction and many think there is a good chance that it will pass. The National Association
of Realtors estimates that there could be as many as 180,000 buyers who will benefit from this
extension! Many of these are most likely short sale buyers who are forced to wait and wait and wait for
the mortgage holder to sign off on the deal and allow the deal … (7 comments)
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first time buyer tax credit program: Dallas area home prices up 3% - did you miss buying at the bottom? - 02/24/10 09:21 AM
Standard and Poor's/Case-Shiller's home price index was released yesterday, in it was data showing that the Dallas area home prces were up 3% over December sales last year. In November prices were up 1.4% - resulting in the first 2 month stretch of gains in more than 2 years! In fact Dallas was #2 behind San Francisco (+4.8%) in December price gains - and beating out Washington D.C. where there was a 1% improvement.
D'Ann Petersen - a business economist for the Federal Reserve of Dallas was quoted in the Dallas Morning News as saying:
The gains in local prices … (4 comments)
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first time buyer tax credit program: FHA loans vs Conventional loans - Don't be cash poor!! - Part 2 of 3 - 02/08/10 01:17 PM
Here is part 2 of noted Mortgage Specialist Jeff Belonger's series on FHA vs Conventional loans and how your down payment amount affects your situation. Remember "Cash is King". If you put all your savings into your home purchase, will you have what you need if theres an emergency or hard times? Read on for enlightenment. Part 3 will be posted soon.
Via Jeff Belonger -- The FHA Expert.com -- FHA Loans -- FHA mortgages - USDA loans (Infinity Home Mortgage Company, Inc):
Don’t be CASH POOR – CASH is KING
FHA loans have been used more in … (3 comments)
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first time buyer tax credit program: First Time and Existing Homeowner Tax Credit Information - 01/27/10 12:15 PM
There is still an opportunity available for most people who are thinking of buying a home to take advantage of several things that are working to increase or leverage your buying power!
The first and most urgent one to consider is the available Tax Credit thats there for the taking.
If you're a first time buyer (one who hasn't owned a home in the last 3 years) you can get up to $8,000 back on your taxes! Money you do not have to pay back!
If you are an existing homeowner, you can get a tax credit as well - up … (0 comments)
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first time buyer tax credit program: First Time and Existing Homeowner Tax Credit Information - 01/27/10 12:14 PM
There is still an opportunity available for most people who are thinking of buying a home to take advantage of several things that are working to increase or leverage your buying power!
The first and most urgent one to consider is the available Tax Credit thats there for the taking.
If you're a first time buyer (one who hasn't owned a home in the last 3 years) you can get up to $8,000 back on your taxes! Money you do not have to pay back!
If you are an existing homeowner, you can get a tax credit as well - up … (0 comments)
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first time buyer tax credit program: 8000 Reasons Get Your Butt In Gear: Deadline for First Time Homebuyer Tax Credit Looms - 06/25/09 04:05 PM
Think there's plenty of time to wait before you need to take action about buying a home and getting the $8,000.00 tax credit? Janet Guilbault lays out some excellent points here about why you may want to rethink your plan...
Via Janet Guilbault California Mortgage Banker/Broker:
First time home buyers: Are you still at the computer, doing endless "research" on how to snag the $8000 TAX CREDIT for buying a house this year?
Does the November 30th deadline seem like a million years away as you think about fireworks (not turkey leftovers)?
First time home buyers: Get your butts in gear. … (2 comments)
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first time buyer tax credit program: The Price of Procrastination - 06/05/09 03:17 PM
If you're still waiting for home prices to drop just a little more or for interest rates to go down more (can anyone say Historic lows right now?) you should really checkout this article by Darrell Walters of Integrity Mortgage Funding. Waiting can and will cost you money!
Via Integrity Mortgage Funding:
Everyone Wants a Lower Price, But What About the Impact of Interest Rates?When shopping for a home, the natural tendency of any buyer is to want to pay the lowest price possible. It's important to keep in mind, however, that the sales price is not the only factor that … (1 comments)
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first time buyer tax credit program: First time buyer tax credit - TIME IS RUNNING OUT! - 06/02/09 11:41 AM
OK, you've heard about the $8,000 first time buyer tax credit being available right? Do you realize it expires December 1st? Thats a long way off you say? Well, you might want to take note of a few things right now because December 1st will be here in the blink of an eye and you don't want to be caught un prepared:
The majority of first time buyers still needs to save more cash to handle the down payment. Have you saved that yet? The FHA guidelines requires at least a 3.5% down payment that you have to come up with. … (7 comments)
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first time buyer tax credit program: Frisco Texas is stopping with red light cameras - 05/26/09 10:47 PM
We've all seen them, we've all heard about how the city puts these Red Light cameras in 'just to make money', well in Frisco as of midnight tonight (May 26) Frisco will no longer monitor its 2 red light cameras. It seems the contract with the monitoring company - Redflex Traffic Systems has run out, and Frisco is not going to be renewing it. The state of Texas is currently considering outlawing red light cameras and Frisco wants to wait and see if that happens before they sign any new contract. According to a news piece by NBC Channel 5 - … (5 comments)
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first time buyer tax credit program: Good News-Stimulus Bill Passed! - 02/17/09 11:11 AM
Wondering what the Stimulus Bill has in it to help with housing? Lara O'Keefe spells it out for us rather nicely:
Via Lara O'Keefe (Hunter's Creek, Melissa) (DR Horton Homes):
Finally some good news for the housing industry! The economic stimulus bill passed and is awaiting President Obama's signature on Tuesday, February 17th.
First-time buyers can claim a credit worth $8,000 or 10% of the home's value, whichever is less on their 2008 or 2009 taxes.
The credit is refundable, meaning tax filers see a refund of the full $8,000 even if their total tax bill was less than that amount.
… (3 comments)
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first time buyer tax credit program: First time home-buyer $7500 tax credit good for 2008 if you settle in 2009 before your file your taxes - 01/24/09 10:40 AM
Thank you Janice for laying out everything you need to know about the First Time Buyers Tax Credit Program!!!
Via Janice Roosevelt,Ecobroker, ABR, e-PRO (Matt Fetick Real Estate Team - Keller Williams Real Estate -):
Good news! Mortage rates in the 4% range again today AND
First time home buyers who settle in 2009 before they file their 2008 taxes can still clain the $7500 first-time home buyer tax credit. check out www.federalhousingtaxcredit.com/faq.php
Who is eligible to claim the $7,500 tax credit?First time home buyers purchasing any kind of home-new or resale-are eligible for the tax credit. To qualify for … (2 comments)
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