Tax Extension is looking like will pass!!!!

By
Real Estate Agent with Metro Premier Homes DRE# 0225-088780

The congress has approved a 1 year extension of higher loan limits for the FHA loans and an amendment to extend the 1st time homebuyer tax credit was incorporated on the bill to prolong the unemployment benefits.

With the amendment to the bill introduced last Thursday by Sen. Harry Reid the extension looks like will pass. 

The vote should take place sometime this week, so keep your eyes open for HR 3548

Posted by

Nelson Mateo

Realtor, CDPE, CRPS, CSSS

The Mateo Team

Metro Premier Homes

571-921-2966 Cell

888-550-2922 Fax

www.TheMateoTeam.com

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Comments (2)

Larry Bergstrom
Crescent Realty, Inc. Spanaway, WA. - Spanaway, WA
CNE, CRS, GRI

It will be great news if it happens.

Nov 02, 2009 05:22 AM
Nelson Mateo
Metro Premier Homes - Manassas, VA
Your Short Sale Expert - Serving Bristow, Gainesvi

Larry,

You are so right!!!  Many agent keep telling me "its only until April 30th", what they fail to see is that with this new bill we can write the contract and have it fully ratified by the 30th but in reality settle by June 30th!!!  It's great if you are dealing with a short sale!!

 

Nov 02, 2009 05:27 AM