Real estate blog entries tagged with economic stimulus first time homebuyer credit may become true credit payback deal by Rick Hauser, ABR, CNE, GRI Exclusive Buyer Agent-Cover Chicagoland (Buyer Broker Chicagoland

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Home : Blogs : Rick Hauser, ABR, CNE, GRI Exclusive Buyer Agent-Cover Chicagoland : Buyer Broker Chicagoland - Negotiation Experts - 100% on The Home Buyer's Side! : Tag "economic stimulus first time homebuyer credit may become true credit payback deal"

economic stimulus first time homebuyer credit may become true credit payback deal: First Time Homebuyer Credit May Become a True Credit and Not a Payback Deal - 01/29/09 10:10 AM

Late yesterday - the House passed the $819 billion stimulus plan, which included a modified first time homebuyer tax credit. The Senate may vote on its version of the bill sometime next week.The bill is changing the terms of the $7,500 tax credit that was issued as a part of the Housing Recovery Act, which Congress passed last summer. Previous legislation required that the tax credit be repaid over 15 years, making it more of a no-interest loan. Not surprisingly, the measure had little impact on the market. The stimulus bill now under consideration would make that tax credit a true … (39 comments)

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Rick Hauser, ABR, CNE, GRI Exclusive Buyer Agent-Cover Chicagoland

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