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8000 homebuyer tax credit: $8,000 Homebuyer Tax Credit And The Trickle-Down Effect - 11/14/09 07:04 AM
Columbia SC                $8,000 Homebuyer Tax Credit And The Trickle-Down Effect
I have not been an advocate of this Federal tax credit because I don't believe in government handouts.....receiving tax dollars for doing nothing.   But I'm changing my mind.
After completing a recent short sale with Citi Mortgage I began to examine where all this money was put to good use. 
The home buyer used roughly $6,000 of the credit to put toward the down payment and closing costs of the loan.  This supplied work for the loan officer, the home appraiser, the underwriter of the loan, and various unforeseen employees at the … (3 comments)

 
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Terry Edwards

Columbia, SC

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Russell & Jeffcoat Real Estate Corp.

Address: 5219 N. Trenholm Road, Columbia, SC, 29206

Office Phone: (803) 782-9171

Cell Phone: (803) 920-5327

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