According to the Associated Press, Senators have agreed to extend the
tax credit for first-time homebuyers and to offer a reduced credit to
some repeat buyers.
Reportedly, Senators agreed to extend the existing tax credit for
first-time homebuyers while offering a reduced credit of up to $6,500
to buyers who have owned their current homes for at least five years.
The tax credits would be available to buyers who sign sales agreements
by the end of April 2010. They would have until the end of June to
close on their new homes.
This is a preliminary report, details and conditions may change as the
legislation becomes finalized. We will give more details as they
become available.
For informational purposes only please speak to your accountant or
attorney for details.
If you would like to get loan information from recommended banks, or get started and view all homes, condos, investment properties, pre-foreclosures, bank owned foreclosures (REO's) or thinking of selling your property, please visit our website at: County Properties San Diego or County Properties Riverside
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