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first time homebuyer tax credit extension: How the First Time Homebuyer Tax Credit Looks to the Consumer - 11/09/09 10:28 AM
The National Association of Realtors (also known in the industry as NAR) has a great Frequent Asked Questions communique for the consumer.  Things are so different from the current version of the bill that consumers need to be aware of what this bill encompasses. 
YOUR CONTRACT NEEDS TO BE SIGNED BY APRIL 30th and Closing by June 30th.   
Question: Existing homeowner credit: Must the new house cost more than the old house?
Answer: No. Thus, for example, individuals who move from a high cost area to a lower cost area who meet all eligibility requirements will qualify for the $6500 credit.
Question: … (5 comments)

first time homebuyer tax credit extension: First Time Homebuyer Tax Credit Passes the Senate 85-2!!!!! - 11/03/09 12:45 PM
Well...it's almost here.  According to Bloomberg, it appears likely that Obama will have the bill on his desk next week to extend the first time home buyer tax credit.  Needless to say, this bill, in it's current form extends the tax credit to:
 Non-First Time Homebuyers can get a $6,500 tax credit as well!!!!
 Check out the article from Bloomberg since it was released last evening.  Homebuyer Tax Credit, Unemployment Bill Advances in Senate. 
Lawmakers voted 85-2 to move closer to a final vote on the bill, which would extend until April 30 the $8,000 homebuyer credit that otherwise would expire at … (8 comments)

 
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Larry Bettag Illinois FHA Specialist

Saint Charles, IL

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Larry Bettag - Cherry Creek Mortgage

Address: 40W310 LaFox Road, Saint Charles, IL, 60175

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 1 “Let not your heart be troubled; you believe in God, believe also in Me. 2 In My Father’s house are many mansions; if it were not so, I would have told you. I go to prepare a place for you. 3 And if I go and prepare a place for you, I will come again and receive you to Myself; that where I am, there you may be also. 4 And where I go you know, and the way you know.”
(John 14:1-4, New King James Version) I review for BookSneeze

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