Federal homebuyer tax credit - 06/30/10 10:30 AM
In a 409-5 vote, House lawmakers have passed a standalone bill that would extend for three months Wednesday's deadline for closing on a home purchase in order to claim the federal homebuyer tax credit.
The Senate could vote on the bill, HR 5623, as soon as today.
Keep your fingers crossed and hope this goes. There are many buyers who are counting on this.
… (5 comments)

The Unemployment Benefits and Tax Extenders bill failed last night - 06/25/10 12:44 PM
The Unemployment Benefits and Tax Extenders bill failed last night. 
http://online.wsj.com/article/SB10001424052748704227304575327273014747664.html?mod=WSJ_hpp_LEFTWhatsNewsCollection
 
One provision everyone (in the mortgage business) was watching was the extension of the funding date for Homebuyer Tax Credit from June 30th to September 30th.
 
With the failure of the bill, this extension dies as well.
 
Without further action (which is unlikely) the tax credit will expire with fundings on June 30th (except for military service waiver).
I am hoping this will still get threw. guess we are in a wait and see mode.
… (3 comments)

home buyer tax credit closing deadline to Sept. 30 - 06/17/10 01:43 PM
The U.S. Senate voted Wednesday to extend the home buyer tax credit closing deadline to Sept. 30, giving an estimated 180,000 buyers who met the contract deadline of April 30 extra time to close the transaction.
This is great news. Please forward this to as many as possible. This will help many families.
Have a great day.
Best regards,
Kevin Kenagy
… (4 comments)

legisation to extend until September 30 - 06/14/10 04:50 PM
Yesterday, Senate Majority Leader Harry Reid (D-Nev.) along with Sens. Johnny Isakson (R-Ga.) and Chistopher Dodd (D-Conn.), the Senate Banking Committee chairman, introduced legisation to extend until September 30 the closing deadline for households who have had a contract pending since April 30. Under the program as it stands today, these households have to close on their purchase by the end of this month or else lose their eligibility for the tax credits.
This would be a great. Keep your fingers crossed.
Best regards,
Kevin Kenagy
… (2 comments)

 
087 Rainmaker_large

Kevin Kenagy OREGON VA-FHA-USDA FINANCING

Canby, OR

More about me…

Advantage Mortgage

Address: 265 SW 1st Ave, Portland,Salem,Gresham,Roseburg, All of Oregon

Office Phone: (503) 266-5800

Cell Phone: (503) 313-9072

Email Me

Testimonials
237007
' This was my first time buying a home and Kevin helped me every step of the way. Along with my realtor they made a great team. I had many questions and ... more '
5.0/5.0
by user9955022
233260
' Kevin is top notch. In today's complicated lending world, Kevin was with us each and every step of the way. He completely understands the business ... more '
5.0/5.0
by thenewpipers


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find OR real estate agents and Canby real estate on ActiveRain.