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tax credit: [Video] In case you have not heard - Tax credits end April 30th - 03/01/10 04:14 PM
If you live in Georgia or want to live in Georgia I can help you fully understand the steps to get from loan application to closing table. If you are a first time home buyer or a repeat home buyer who has lived in your primary residence for at least 3 of the last 5 years of ownership I can help you. (We can still do a loan for you but you may not qualify for the home buyer tax credit).
Up to $8000 for first time home buyers who have not owned a principle residence in the last three (3) … (8 comments)

tax credit: Last chance for First Time Home Buyers and other tax credits? - 02/19/10 05:50 PM
At the time I was writing this post we had 69 days and nearly 22 hours left to get those contracts signed and executed. Let me explain - that's almost not enough time.
By the time you, as a home shopper, get approved for a mortgage (should always be the first step unless you truly are paying cash), find the home you are looking for, make an offer, get it back - not including the time it takes to negotiate price if that comes into play, get the inspection and appraisal done and get your loan to closing about 30 days … (4 comments)

tax credit: Let's Explore Sect 11 of HR 3548 The Extension and Modification of the FTHB Tax Credit - 11/06/09 03:49 PM
HIGHLIGHTS ONLY - I don't want to distribute incorrect information so if you have a viable correction please make it known in the comments.
HR 3458 "The Worker, Home Ownership and Business Assistance Act of 2009"
While it is called an "Extension and Modification of the First-Time Homebuyer's Tax Credit" it really is an extension and overhaul or re-construction. Modified doesn't seem to cover it. If you are interested the full text of the Resolution signed into law is found at this link on Thomas Library of Congress. (This is also based on S 1678 dated September 16, 2009 and passed … (8 comments)

tax credit: Hear Me Clearly: First Time Homebuyer's Must Qualify and Offer NOW! - 10/15/09 10:27 AM
By NOW! I mean if you have not called a loan officer to get qualified, found a property and made an offer you're dangerously close to missing the First Time Home Buyer's Tax Credit. I know what you hear in your mind, "it's good through the end of November." You would, of course, be correct in so saying. Your correctness would be equivalent to leaving New York City for a trip to Tokyo to see your best friend's wedding which happens at 5PM your time and you are getting on a jet at Noon your time the day of the event. … (7 comments)

tax credit: The First Time Buyer's Credit Has NOT Been Extended (yet) - 10/14/09 08:44 AM
I have seen a blog post and it has been reposted that gives the impression the federal First Time Home Buyer's Tax Credit has been extended for 12 months. Actually it has not yet been extended. Only the house has voted on a resolution titled "The Service Members Home Ownership Tax Act of 2009" which does provide for an extension of 12 months for veterans or service members who spent 90 or more overseas during calendar year 2009.
As everyone knows for a resolution to become a law it must also be passed by the Senate which sometimes adopts the House … (5 comments)

tax credit: The Calendar Moves Quickly on First Time Home Buyers - 05/27/09 10:15 AM
We have hashed and re-hashed what the First Time Home Buyer's Tax Credit (FTHBTC) is and is not. Some are still confused and I am not even about to breech that subject of whether or not it can be used as a down payment. If you look good in orange feel free to try that out yourself. What I do want to tell you is, as of this date, an indisputable fact:
If a buyer does not close on their first home before December 1, 2009 they will not be eligible for the Federal First Time Home Buyer's Tax Credit of … (4 comments)

tax credit: Changes to the First Time Home Buyer's Tax Credit - 02/15/09 09:37 AM
Reading the 577 pages of Section B of the American Recovery and Reinvestment Tax Act of 2009 is daunting. Understanding that there are few "new" laws included in it makes you realize you better have some good Thomas skills to cross-reference with the existing laws thich are being ammended. A weekend project is obviously going to turn into a month.
Having read thousands and thousands of pages of Acts, Laws and Regulations I'm not surprised that this would never serve as a stand alone guide. I am, however, blown away that this was in the house for such a short time … (4 comments)

 
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Ken "Yes You Can" Cook

Marietta, GA

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Ken Cook, Web Dev, Brand Strategist 678-439-8683

Address: Atlanta, GA, 30339

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