firsttime homebuyers: First Time Homebuyer Tax Credit is STILL AVAILABLE (for some military and federal employees!) - 05/24/10 03:04 AM
Did you know that the First Time Homebuyer Tax Credit is STILL AVAILABLE for some buyers?
When Congress signed into law the "Worker, Homeownership and Business Assistance Act of 2009" back in November of 2009, they expanded the homebuyer tax credit benefits to members of the military who served on "qualified official extended duty service" OUTSIDE the United States for at least 90 days between 1-1-2009 THRU 4-30-2010.
Key provisions.
You must be a member of the uniformed services, members of the Foreign Service or employees of the intelligence community You must have served on qualified official extended duty for at … (3 comments)

firsttime homebuyers: $8000 First time homebuyer's credit CAN be used towards closing costs!! - 06/24/09 10:02 AM
Hello blogosphere!
I previously reported (in haste I admit) that the $8000 credit could be used as downpayment- however, that went out the window almost as soon as it was announced.
It has been officially announced, however, and this time it stuck, that the credit can be used towards closing costs.
How does it work? Well, its basically a short-term loan with the tax credit used as collateral.
Its brilliant!
A buyer has to buy a property between Jan 1, 20098 and Dec 1, 2009.
That's right, DECEMBER 1ST, not 31st!!
The credit is 10% of the purchase price of the … (0 comments)

firsttime homebuyers: $8000 First time homebuyer's credit can now be used as downpayment!! - 05/12/09 04:59 PM
Hi everyone! I bring GOOD NEWS! Ok, its not "the" good news, but it's pretty great!
The HUD Secretary today annouced that the $8000.00 first time homebuyers tax credit will now be "monetized" which means that the credit is now available for FTHBs to use as a DOWNPAYMENT! Isn't that wonderful?
Here is the link to the full story: http://www.realtor.org/press_room/news_releases/2009/05/re_summit
There really is NO BETTER TIME to be a First-time Homebuyer!
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