$7000 US Government Foreclosure Tax Credit

Real Estate Broker/Owner with REVOLV Real Estate Broker MA & RI

The benefits of buying foreclosed homes are about to get even better thanks to the $15 billion Foreclosure Prevention Act of 2008.

Homebuyers and investors can soon take advantage of a $7,000 one-year tax credit with the purchase of foreclosure properties if the legislation is passed.

That's a huge savings on top of already discounted real estate. In fact, foreclosed homes for sale on Foreclosure.com are often listed between 30 to 50 percent less than market value.



Comments (1)

Selling Homes in Western New York, Licensed Real Estate Broker, Terri Kern
Turning Key Realty - East Amherst, NY
Terri Kern, Broker, Turning Key Realty
I ddin't hear about this one yet.  Let's hope it passes.  It would be great for all!
Apr 28, 2008 03:47 PM