The Federal Tax Credits Blog

Posts Tagged ‘mortgage tax credit extension 2010’

Question: What’s the status on the $8000 tax credit extension?

So I’m in the process of getting my first house built and was supposed to close on Wednesday. Yesterday I found out that was not going to happen because the mortgage company is stuck waiting on some flood paper (stating that the land isn’t in a flood zone from what I understand).

The home builder then told me that it might be a week (or even an extra day) before they could get all of the paperwork done, missing the $8k tax credit. I’ve read online that they are trying to extend it for people that started before April 30th so that they could qualify up until September 30th.

Is that true or am I out of luck?

Answer: You read wrong. The extension is for active military and government employees who are stationed over seas. For everyone else the extention expires tomorrow.

MHI Hospitality Corporation Reports Financial Results for Second Quarter 2010

MHI Hospitality Corporation , a self-managed and self-administered lodging real estate investment trust , today reported its consolidated results for the second quarter ended June 30, 2010.

First Time Home Buyer Tax Credit and Other Mortgage Real Estate Related News