Posted on July 4th, 2010 by Carlo Capomazza
Last week’s blog posts pretty much focused on the homebuyer tax credit’s closing deadline. We did our absolute best to deliver the latest news as it happened. Let’s review last week’s posts:
Saturday:
“GUEST POST: ‘All Right! The Deadline Has Been Extended!‘”:
All right! The deadline has been extended to September 30! I work in mortgage banking and have been working [...]
Filed under: Current Mortgage Rates, Homebuyer Tax Credit, Mortgage Rates, News, Real Estate Market, VRN | No Comments »
Posted on July 3rd, 2010 by Carlo Capomazza
Under the Extended Home Buyer Tax Credit, as long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.
Filed under: Buying, Current Events, Homebuyer Tax Credit, Money-Saving, NAR, Real Estate Market, Tax Issues, VRN | No Comments »
Posted on July 3rd, 2010 by Carlo Capomazza
Posted on July 2nd, 2010 by Carlo Capomazza
UDATE3: President Obama signed a three-month extension of the homebuyer tax credit’s closing deadline this morning.
The president also signed into law the “National Flood Insurance Program Extension Act of 2010,” reports HousingWire.com.
Lawmakers weren’t able to agree on the extension of unemployment benefits before their July 4 recess; they’re expected to continue their debate when they [...]
Filed under: Homebuyer Tax Credit, News, Real Estate Market, VRN | Comments Off
Posted on July 2nd, 2010 by Carlo Capomazza
The Senate passed the bill extending eligible closings to Sept. 30, so buyers who were in contract by April 30 can get the tax credit.
Filed under: Current Events, Homebuyer Tax Credit, Money-Saving, NAR, Politics, Real Estate Market, Tax Issues, VRN | No Comments »
Posted on June 29th, 2010 by Carlo Capomazza
With the pending expiration of the homebuyer tax credit about 36 hours away, we’re getting closer and closer to seeing what the true state of the housing and real estate markets will really look like when the credit is no longer in place.
**Poll: Do You Support the Extension of the Homebuyer Tax Credit’s Closing [...]
Filed under: Homebuyer Tax Credit, News, Real Estate Market, VRN | Comments Off
Posted on June 28th, 2010 by Carlo Capomazza
Late last week the Senate failed to secure enough votes to push through a bill that would not only extend unemployment benefits, but would also extend the closing deadline for borrowers looking to take advantage of the homebuyer tax credit.
The way it stands now, this Wednesday (June 30) looks to be the official end of [...]
Filed under: Homebuyer Tax Credit, News, Real Estate Market, VRN | Comments Off
Posted on June 25th, 2010 by Carlo Capomazza
At the beginning of the year, the fraud surrounding the homebuyer tax credit program attracted a lot of national attention; the numbers and circumstances connected to these schemes were quite astounding.
Scott Van Voorhis of the Boston Globe wrote that $139 million was wasted on “homes that had not yet been purchased [...]
Filed under: Homebuyer Tax Credit, IRS, News, Real Estate Market, VRN | Comments Off
