Real estate blog entries tagged with the housing and economic recovery act of 2008 by Overland Park Realtor, Ron Mowery (Keller Williams Realty Partners, Inc.)

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Home : Blogs : Overland Park Realtor, Ron Mowery : Ron Mowery Home Selling Team : Tag "the housing and economic recovery act of 2008"

the housing and economic recovery act of 2008: H.R. 3221 TAX CREDIT OR INTEREST FREE LOAN ??? - 07/29/08 05:17 PM

The recent housing bill, H.R. 3221, the Housing and Economic Recovery Act of 2008 passed by Congress is a bit confusing. It is intended to spur home ownership while giving 1st time homebuyers a tax credit for purchasing a home. Below I have copied the information needed to try and sort out who qualifies and for how much. The caveat to the bill is that is initially a tax credit to be paid back interest free over 15 years or upon the sale of your home. If you sell your home and don't have enough equity to repay the loan, it is forgiven.
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Overland Park Realtor, Ron Mowery

Overland Park, KS

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