There’s talk of an extension for the first time home buyer tax credit. There’s been a number of bills introduced to congress having to do with this extension. The latest potential extension gives it another 6 month run. Congress just passed a bill extending the credit for service members only […]
tax stimulus
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The first time home buyer $8000 tax stimulus expires on December 1st, 2009. You will need to be closed by this date. Due to recent regulation and market activity, it is not uncommon for a loan to take 60 days to close. This means if you do not have an accepted purchase agreement on a home by September 30th, 2009, it may be too late!