tax credit: Is the Homebuyer Tax Credits Being Extended? - 10/19/10 03:26 AM
If a homebuyer missed the April 30th deadline for the first-time homebuyer tax credit, then there will inevitably be some confusion about Congress's latest attempts to extend the benefits a few months. Headlines in the news, at first blush, can -and often will be, even deliberately so- be misleading. The truth is that if you missed out on your opportunity to take advantage of the $8,000 tax credit, then you are still out of luck.
However, if you signed the contract before April 30th for a qualifying home, and hadn't managed to get to closing before June 30th, then you're still … (0 comments)

tax credit: The Tax Credit is Over, Now What? - 07/27/10 04:49 AM
Now that the tax credit for new homebuyers has come to an end, people from all walks of life, from potential homebuyers to mortgage brokers to real estate agents are asking the same question: now what? This isn't an easy answer to give for so many different realms of the industry and people. After all, few individuals predicted what was to transpire in 2008 and send the housing industry into its tailspin and even fewer predicted that the effects would be as lasting as they have been. Still, while there is no crystal ball that we can look into and get … (0 comments)