Obama Home Buyer Credit 2010
June 22nd, 2010
Question: Will Obama Enact a Tax Credit in 2010 for First Time Home Buyers?
I am thinking about buying a house but don’t want to buy this short sale I saw if there isn’t a tax credit. The reason being I may not close by December 1st.
I know you already get up to 8k, I may not close on the place until 2010 because short sales take much longer than foreclosures and standard sales…Answer: There is no way to know whether the first time homebuyer credit will be continued or expanded beyond the end of November 2009. You need to construct your offer for this property such that it closes before the tax credit deadline or the deal is off.
Congress to weigh regulation of financing by auto dealers
Dealers say that they’re just trying to help customers secure loans and that they’re already covered by anti-fraud regulations. But consumer advocates say more government oversight is needed. Heading into the final stages in overhauling financial regulations, a joint congressional committee is ready next week to tackle one of the thornier issues — whether car dealers will be regulated by a …
Extended and expanded First-Time Home Buyer Tax Credit
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