Tax Credit extension

By
Mortgage and Lending

Looks like the First time buyer tax credit has been extended.

The House voted it through earlier in the week and now the Senate has also approved H.R. 5623, the Homebuyer Assistance and Improvement Act, which also cleared the House earlier. The bill would give first-time home buyers until Sept. 30 to claim an $8,000 tax credit if they bought a home before April 30; for current homeowners, the credit is $6,500. The original period for claiming the tax credit had expired yesterday (June 30).

There are many happy home buyers and agents and Mortgage lenders alike that are very happy this morning.

So let's get those deals done and fiond some more deals!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Colorado Arapahoe County Aurora
Groups:
Cosmic Cow Pie...The Rome Way
Colorado Real Estate Marketing
Facebook Fanatics
Realestateandfunding
Tags:
8000 tax credit

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,282,780
Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Nicholas, thanks for update on tax credit extension.  Best Regards,

Jul 01, 2010 04:55 AM #1
Rainmaker
1,737,778
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA, ABR, SRS

Thank you for the post. I love positive news on the real estate market!

Jul 01, 2010 05:03 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
96,465

Nicholas Goraczkowski

Your Mortgage Resource - (720) 83-RATES
Ask me a question
*
*
*
*
Spam prevention

Additional Information