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How long will the government wait to extend the First Time Homebuyer Credit?

The government has still not yet decided to extend the First Time Home-buyer Credit. What are they waiting for? If they knew how bad it really was out there they'd act on extending the tax credit. Our mortgage modification experience tells us that many lenders and mortgage servicing companies are not playing fair with regard to the Federal Making Home Affordable Program. Many lenders and mortgage servicing companies are making it very hard for the consumers to get approved for these federal programs and it is going to be a matter of time before the housing inventory increases.

If you have an opportunity to write or to call your legislator please do so immediately. Time is of the essence!

Until next time.

Ron Giannamore

Posted by Ronald A. Giannamore on 10/22/2009 02:04 PM

Comments (2)

first time homebuyer credit, federal tax credit, housing credit, law

2 Comments on How long will the government wait to extend the First Time Homebuyer Credit?

OCT

I read today that Nobama is waiting to see if the first series of credits had any impact.

I have heard of such attrocities many times and people had suffered a lot in the hands of these Mortgage Servicing Companies. So, I would recommend that before Federal Government start on First Time Homebuyer Credit, it should do to solve the earlier problem of these Mortgage Servicing Companies.

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