Real estate blog entries tagged with tax credit by John Fariss - Appraiser Bakersfield, CA (Fariss Appraisal Services)

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Home : Blogs : John Fariss - Appraiser Bakersfield, CA : The Bakersfield Appraiser's Blog : Tag "tax credit"

tax credit: A Government Sale Concession - $7,000 Tax Credit - 06/26/08 11:19 PM

The Foreclosure Prevention Act of 2008 has been passed by both the House and the Senate. Congress is now resolving differences in amendments passed. Once this process is complete, the bill will go to the President to be signed into law. However, the President's senior advisors are recommending a veto if it reaches his desk. So, this may never come to fruition, but it poses an interesting situation for appraisers.
Appraisers are supposed to report any and all concessions in a purchase transaction. The bill includes a $7,000 tax credit for buyers of foreclosed properties. Whether this tax credit will actually … (19 comments)

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John Fariss - Appraiser Bakersfield, CA

Bakersfield, CA

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Fariss Appraisal Services

Address: 4450 California Ave Ste K, PMB 273, Bakersfield, CA, 93309

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