As a prospective home buyer, you have many options in your search to find an affordable home. One of those options today is the purchase of a home that has been foreclosed and is currently owned by Fannie Mae. We provide the following questions and answers to help you in your search. What types of […]
Category: How to Buy a Home
How to Get the Extended Home Buyer Tax Credit You’ve decided to purchase a home and take advantage of the Extended Home Buyer Tax Credit. Here’s what you have to do to get your benefit: 1. Close on your home purchase between November 7, 2009 and April 30, 2010, or have a binding written contract […]
New California $10,000 Tax Credit for Home Buyers If you purchase a principal residence between May 1st, 2010 and Dec. 31st 2010 and close escrow by Aug. 1st 2011, you will be eligible for a $10,000 tax credit from the state of California. Dear C.A.R. Member: I’m gratified to report that late this afternoon, Gov. […]
If you’re among the many looking to buy foreclosures at auction, don’t have any fear the decline in filings over the past several months will rob you of your chance at a fabulous buy. Home foreclosure filings declined steadily from August through November 2009, but were still significantly higher than they were a year ago, […]
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Homebyuer Tax Credit Extended
Now the homebuyer tax credit is a true credit. That means it reduces your tax bill dollar-for-dollar and in this case, could get you a refund if your IRS bill is zero. The credit amount was increased to $8,000. It’s not limited to strictly first-time buyers. Homeowners who’ve lived in their residences for a while […]
Bargain Hunters Listen Up – A Jump in Foreclosures in 2010 Mean Opportunities. As foreclosures increase so will the available housing and the bargains for those home buyers.