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Until the end of this month, it’s important that we know the effective date of the Home Buyer Tax Credit (HR 3548) change. The changes took effect on November 7th, 2009 which was the day after President Obama signed the bill into law. This means that any transaction closed AFTER November 7th, 2009 will include all of the [...] CNBC reported on October 28th that the $8,000 First-Time Home Buyer Tax credit will be extended through April 30th, 2010 and will include a credit for “Move Up” buyers. The reports were given by Senate Majority Leader- Harry Reid’s office to CNBC.
Earlier this week, negotiations of the credit included multiple variations of an extension as mentioned [...] We have one half of the bill makers in agreement. Senate Banking Committee Chairman Christopher Dodd reported Tuesday that top Democrats in Senate have reached an agreement to extend the $8,000 first-time homebuyer tax credit. We’re now just waiting for the Republican and Democratic party to agree to the terms of the extension, which may be reached [...] UPDATE October 26th The most recent proposal for the tax credit to be phased out over time instead of extending may be agreed upon as early as the end of today as reported by Bloomberg.com The current $8,000 tax credit for first time home buyers is set to expire in approximately a month. Since then, there has [...] Fri. Oct. 23 2009 | 8:15 AM ET The IRS (Internal Revenue Service) is reporting there are more than 100,000 suspicious claims involving the $8,000 first-time-home-buyer Tax Credit. Currently there are 167 criminal cases regarding the tax [...] I just finished watching Spencer Rascoff’s interview on Bloomberg where he shared data with regard to mortgage rates and real estate values. LINK TO INTERVIEW HERE He felt that we won’t hit the floor for values until late 2010, but it varies by region. He gave an example, showing that Boston had hit it’s floor in early 2009 and is already [...] I’ve always found it interesting that there are so many websites that claim to have a listing of foreclosed homes. Many of them claim they have HUD (US Department of Housing and Urban Development) foreclosures which are foreclosed homes that had FHA loans. Though many of these listings may be accurate, there is only one real [...] Whether you’re looking to sell your house or just take a glance, this is a question that many homeowners are wondering. The first place to check is Zillow, which is a real estate website designed to aid consumers in finding information on real estate and home loans. The site was originally created to tell consumers what [...] I found a pretty good article that gives buyers tips to stopping foreclosure. This sort of information can’t be spread around wide enough or fast enough. Too many people are losing their homes. Mortgage and home loan help is available and theres practically nothing more aggravating and more heart breaking than the thought of losing your [...] |
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