first time homebuyers: Who is eligible for to claim the $8,000.00 tax credit? - 01/21/10 09:51 AM
Who is eligible to claim the $8,000 tax credit?First-time home buyers purchasing any kind of home-new or resale-are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and on or before April 30, 2010. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner. A limited exception exists for certain contract for deed purchases and installment sale purchases. See the IRS website for more detail.However, the law also allows home sales … (0 comments)

first time homebuyers: Tax Credit Update - 10/29/09 09:46 AM
Status of Tax Credit:  Getting Closer  
 
While a final deal was not reached, there were encouraging signs that a deal is very likely.  It is more a question of "when" than "if".
 
The proposed deal (which is still subject to change) would extend the tax credit until April 30,2010 and also expand it to "move up" borrowers.  
 
Details of the revised homebuyer credit reportedly are as follows:
Credit is changed to 10% of sales price up to $7290 For first time homebuyers, the income level to qualify is $ 75,000/150,000. For "move up" buyers the income … (0 comments)

 
Chad McShane (NFM Lending , Chad McShane, NMLS #342881 )

Chad McShane

Eagan, MN

More about me…

NFM Lending , Chad McShane, NMLS #342881

Address: NFM Lending, 2121 Cliff Road Suite 101, Eagan, MN, 55122

Office: (651) 272-3130

Mobile: (612) 685-4572

Email Me



Links

Archives

RSS 2.0 Feed for this blog