About Michael Kraus

Comments

  1. T says:

    Great news!!!

  2. robin says:

    Yaaaaaaaaaaaaaaaaaaaaaaaaaahhhhhhoooo-ooooooooooooooooooooooooooooooooooo-oooooooooooooooooooooooooooooooooooo-oooo………………………

  3. jay says:

    SO IS IT OFFICIAL YET???????

  4. The president still needs to sign the bill into law, which he is expected to do given the overwhelming support for it in congress.

  5. TXfirsttimebuyer says:

    Thank goodness! We are one of those families that this will affect. We were told due to the backlog that they wouldn’t be able to process our closing by the deadline. We were told this after we have had all of our ducks in a row (documents, etc.). The lender did not have to ask for anything from us as we all had it ready. No matter how proactive we had been, we were told that they lenders, etc. just couldn’t handle it. So thank goodness! This incentive is what gave us that push we needed to purchase versus leasing.

  6. AP says:

    If I did not enter into a contract before April 30th but I’m able to close on a house before the extended deadline of September 30th, do I qualify for the tax credit?

  7. No, you needed to enter into a purchase agreement prior to April 30 in order to claim the tax credit.

  8. moni says:

    will there be any othe type of first time home buyers tax credit available for someone purchasing a home after april 30

  9. Some states such as California enacted their own tax credits (although I believe California ran through all of the allotted money for their program). Other states have credits that are available for members of the military or civil servants. At this time there is no more widespread federal tax credit program that I am aware of, unless you count the more general subsidizing of housing by Fannie Mae and Freddie Mac.

  10. Jeff Ragan says:

    Actually the Senate has extended the tax credit closing deadline for buyers already under contract as of April 30, from June 30 to September 30. President Barack Obama recently signed into law a three-month extension on the deadline for home buyers to obtain a federal home buyer tax credit of up to 8,000.

    Eligible taxpayers who contracted to buy a home, qualifying for the first-time home buyer tax credit before the end of April 2010, now have until September 30, 2010 to close the deal. To be eligible, buyers need to be in a binding contract that was in place by April 30.

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