Revised First-Time Homebuyer’s Credit

Written by on November 5, 2009 in Uncategorized - No Comments

Below you will find links explaining the extension of the first-time homebuyer’s credit.  The bill was passed in the Senate today and will likely be voted upon in the House tomorrow or early next week.  This bill extends the qualifying date from December 1st, 2009 to June 30th, 2010 (a purchase agreement must be signed by April 30th, 2010).

Also, this bill offers a home buying credit of $6,500 to those who have lived in their home for 5 years.  You can find more details if you follow the web links below.

http://blogs.wsj.com/developments/2009/10/29/qa-the-home-buyer-tax-credit-extension/
http://news.yahoo.com/s/ap/us_homebuyers_tax_credit
http://www.opencongress.org/bill/111-h3548/show