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homeowner tax credit: House Bill 3548 Bill 5 of 5 that passed both houses - (Home Owner Tax Credits) - 11/06/09 09:41 AM
President Obama is expected to sign House Bill 3548 as amended today!  (he did sign it)
I finally found a copy of the bill http://thomas.loc.gov/cgi-bin/query/D?c111:5:./temp/~c111AKbnXR:: 
Here are some of the key points that should be of interest to Realtors and Mortgage professionals:
This Act may be cited as the `Worker, Homeownership, and Business Assistance Act of 2009'

You need to look specifically at "SEC. 10. 0.2 PERCENT FUTA SURTAX" SEC. 11. EXTENSION AND MODIFICATION OF FIRST-TIME HOMEBUYER TAX CREDIT EXCEPTION IN CASE OF BINDING CONTRACT- In the case of any taxpayer who enters into a written binding contract before May 1, … (4 comments)

homeowner tax credit: $8K tax credit - can it be used on mobile/manufactured not on a foundation? - 06/03/09 04:28 AM
I had a consumer email me today asking if they could still qualify for the 2009 Tax Credit for First Time Home Buyers if they purchased a mobile/manufactured home and put it on a lot they would by without having to put it on a permenant foundation.
My gut tells me no since at least in Idaho the home would still be considered personal (not real) property.  What if it is a mobile/manufactured on a rented space?
I don't recall ever seeing this addressed in any of the publication I have read on this topic.  Any assistance would be appreciated since … (5 comments)

homeowner tax credit: Use your Tax Credit at Closing in Idaho to help buy your next home! - 03/19/09 04:51 AM
The American Recovery and Reinvestment Act of 2009 provided a federal income tax credit for first-time homebuyers of 10% of the sales price, up to a maximum of $8,000. This tax credit is available to qualified home buyers who purchase a home by December 1, 2009. In order to help buyers monetize this tax credit for down payment and closing costs when they purchase a home, I know of a great new strategy for qualified borrowers that are looking here in Idaho! We still have a few legal hoops to jump through; however essentially, a subordinate loan will be offered to … (2 comments)

 
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Jim Paulson (Owner/Broker)

Boise, ID

More about me…

Progressive Realty (Boise Idaho) www.Progressive-Realty.info

Address: Boise, ID

Office Phone: (877) 466-9648

Cell Phone: (208) 573-0471

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Jim Paulson is currently the Past President of the Ada County Association of Realtors. I try to use this experience coupled with my 20 years being a licensed Realtor to help bring you relevant information and hopefully an occasional thought provoking idea or two. I am a member of the Greater Boise Chamber of Commerce and and Accredited business with the Better Business Bureau. I can help with Idaho Foreclosures, Boise Idaho Short Sales, building a new home, or even using First time home buyer grants and niche lending prodcuts to buy or strategically sell homes. I am here for your real estate marketing needs! http://www.IdahoMLStours.com Http://www.Progressive-Realty.info Virtual Tour Inventory WidgetGet Adobe Flash Player


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