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TAX CREDIT CONTINUES UNTIL APRIL 30, 2011 (for some people)

Reblogger George Souto
Mortgage and Lending with George Souto NMLS #65149 FHA, CHFA, VA Mortgages NMLS #65149

Phil Turner a top Loan Officer in Connecticut and one of our Loan Officers at McCue Mortgage, has just posted this information that I and it seems everyone else as well has missed about the First Time Homebuyer Tax Credit.

Original content by Philip Turner

If you have served with the military outside the USA you may still be able to take advantage of the $8,000.00 or $6,500.00 homebuyer tax credit.  Serving at least 90 days  out of the country during the time period of December 30, 2008 and May 1, 2010 should make you eligible to still take advantage of the tax credits.

The media and most of us have been focused on the tax credit that was for homebuyers under contract by April 30, 2010.  Even more focus has been on the extension of the final closing date from June 30, 2010 to September 30, 2010.

In addition to the military personnel, members of the foreign service and the intelligence community may also take advantage of the April 30, 2011 deadline

The guidelines regarding the $8,000.00 vs. the $6,500.00 are still the same.  The extension to next year is the difference for the military, foreign service and intelligence personnel.

Let's get the word out about this important exception. We at McCue Mortgage will do our part.

More official details are available at:      http://www.irs.gov/newsroom/article/0,,id=215791,00.html

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George Souto
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Comments(22)

Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

George, this is a great thing, thank you for letting us know. I had not heard this, as you said, too focused on the other.

Stay cool!

Jul 05, 2010 12:53 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Andrea, I am glad that Phil brought it to my attention, I have someone that might be able to take advantage of this.

Tomorrow is even suppose to be hotter than today, I might have to go take a dip in the Lake up there :)

Jul 05, 2010 12:59 PM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Glad you reblogged this.  It is important for our miliary personnel to know that we are supporting them... including the tax credit.

Jul 05, 2010 02:52 PM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection
George this is great news especially for those communities with military families.
Jul 05, 2010 04:05 PM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

It should really be a good plus for military communities.  Leaves us out.. :(

Jul 05, 2010 04:57 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

George there will be some interest in our area with the deployed guardsmen and reservists from Ct, but not quite as much as those areas with a much stronger military presence.

Jul 06, 2010 12:42 AM
Esko Kiuru
Bethesda, MD

George,

This is an important piece of the original bill that isn't known all that well. Great reminder for the AR community and all the readers who frequent it.

Jul 06, 2010 07:14 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Phil, you are welcome.

Joan, this is a part of the Bill that most of us over looked, including me, until Phil blogged about it.

Jennifer it sure is.

Judi you can always enlist ........ LOL

Ed, Phil is down in New London and that is a prime area for this part of the Tax Bill.

Esko, it got over looked by most of us.  Hopefully some of our Service Men and Women will take advantage of it.

Jul 06, 2010 02:15 PM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

We can never over look the men and woman who serve our country. It makes sense that it has been extended for them.

Jul 07, 2010 12:24 AM
Al & Peggy Cunningham, Brokers
RE/MAX West Realty Inc., Brokerage - Brampton, ON
Our Family Wants To Help Your Family!

Isn't this a great gesture George, a very nice way to thank you for those that serve.

Jul 07, 2010 03:43 AM
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

George, great post to re-blog.  Especially in my area here where we have so many in the military.  Some agents here represents nearly exclusively military personnel.

Jul 07, 2010 08:36 AM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

George are you going to Raincamp in Boston? I am planning on going...it would be great to finally meet.

Jul 10, 2010 01:10 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Bill I am planning on being there, and looking forward to meeting you.

Jul 10, 2010 02:47 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Phil I will see if I can findout anything about that and get back to you.

Jul 10, 2010 02:50 PM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

HI George,

I'm getting too old to enlist.  :)  I can do more to support our country doing what I do...

Jul 13, 2010 12:17 AM
Gail Robinson
William Raveis Real Estate - Southport, CT
CRS, GRI, e-PRO Fairfield County, CT

George - I didn't know that.  Thank you for the reblog.

Jul 13, 2010 03:42 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Judi, what are you talking about, you are still just a baby :) :) :)

 

Jul 16, 2010 02:29 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Gail your welcome.  Not many people know about this part of the Tax Credit.

Jul 16, 2010 02:30 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Phil it is for those that served outside the US.  The reference to those in the US was in connection with repayment.

Jul 25, 2010 02:45 PM