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irs tax credit: Are Our Service Men and Women Missing Out? - 11/17/10 12:06 PM
Who is letting our service men and women know that potentially they have until April 2011 to buy a home and qualify for the $8,000 cash tax credit? If it isn't you, as a Realtor or Lender, then everyone is missing out.
The home buyer tax credit is available for qualified purchases with a binding sales contract in place on or before April 30, 2010 and closed by September 30, 2010. However, for qualified service members who are ordered on a period of official extended duty, these dates are extended. For these home buyers, the tax credit applies to sales … (0 comments)
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irs tax credit: Don't Own? - Why NOW is a Good Time to Buy - 08/16/10 12:19 PM
Last week while at the grocery store I overheard a couple discuss waiting for a repeat of the 1st Time Home Buyer's Tax Credit before making their home purchase. Fools. Now is a great time to buy a home. Yes, I said home... not house. A house is an investment... a home is where you and your family live... memories are built, the good and bad things in life "happen"... grandma comes to visit ... get the picture? Any way, here are some reasons why you don't want to put off the purchase: 1. Interest rates are at their lowest … (0 comments)
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irs tax credit: 36 months & the IRS 1st Time Buyer Tax Credit - 03/04/10 12:38 PM
Questions, questions, questions... These are questions often asked of me and the answers I found on the IRS web site...
Q. Does previously inheriting a home and living in it automatically disqualify me as a first-time homebuyer if I buy a different home on or before Nov. 6, 2009?
A. Yes, an ownership interest in a prior principal residence would bar you from being considered a first-time homebuyer. As long as you owned and used the prior home as your principal residence, you are not a first-time homebuyer. There is no exception for taxpayers who did not buy their prior residences. (11/19/09)
Q. If I claim the first-time homebuyer credit … (0 comments)
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irs tax credit: Tips for Filing for IRS 1st Time Buyer Tax Credit - 02/23/10 10:08 PM
Without the proper documentation your IRS 1st Time Buyer tax credit will be delayed. Below are tips on what you need to gather before you make your claim. It is important that you provide the appropriate for your transaction:
Settlement Statement: Your closing agent will send you a certified copy of your final settlement statement a from called HUD-1.
Properly Executed Settle Statement: Generally, a properly executed settlement statement shows all parties' names and signatures, property address, sales price and date of purchase. However, settlement documents, including the Form HUD-1, can vary from one location to another and may … (1 comments)
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irs tax credit: Federal Home Buyer Tax Credit for Married and Unmarried... IRS Q&A - 02/06/10 02:00 PM
As a lender I am continually asked so many questions about the 1st Time Home buyer tax credit and the Home buyer tax credit. Since I am not a tax advisor it is just best to go directly to the source....
Q. I am a long-time resident (have owned and used my current home as a principal residence for five consecutive years out of the eight-year period ending on the date of purchase of the new residence) but my spouse has lived there for only three years. Can we qualify for the long-time resident homebuyer credit if we purchase a new principal residence?
A. No. Both spouses must … (0 comments)
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irs tax credit: The 1st of Three Reasons to Buy Now - 01/03/10 07:15 PM
Reason #1-
Fiserv Lending Solutions, a financial analytics firm, forecasts that prices will fall in 2010 in all but 39 of the 381 markets it covers. California is one of those markets. Why is this good for you as a buyer? - Getting in on the ground floor of course! But better than that, even if the home you buy continues to loose some value in the year of your purchase, that doesn't matter. Hear me, again, IT DOESN'T MATTER.
What matters is that you now have a place to call home. You own your roof, and the foundation. -Well, you … (0 comments)
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INGRID PIERSON NMLO#233666 800-530-9421
Roseville,
CA
More about me…
VITEK Mortgage Group
Address: 3 Park Center Circle, Sacramento, CA, 95825
Office Phone: (530) 885-1545
Cell Phone: (916) 709-5626
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