Questions about the US Homeowner Income Tax Credit  and importance now are answered at the National Association of Realtors featured article ~ The Basics: 2009 First-Time Home Buyer Tax Credit.

   Who Qualifies For This Tax Credit?

   Which Properties are Eligible?

   How Much Money Will The Tax Credit Be?

   If the Buyer(s)' Income Exceeds These Limits, Can He/She Still Get a Credit?

   Will the Income Tax Credit Need to Be Repaid?

   Can This Income Tax Credit Be Used As Closing Costs?

         ~ see article HUD Will Now Allow First Time Homebuyers to Apply $8K Income Tax Credit Toward   Purchase Costs. 

   What is ending date for eligibility for this income tax credit?

Good questions, and there are answers and more information at the National Assoc. of Realtors web site.

See article ~ First Time Homebuyers Should Get Going Now ~ Take Advantage of the $8,000 U.S. Income Tax Credit.

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Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.

www.BuyersExploreHomes.com  ~  www.ExploreTheOC.com