$8,000 TAX CREDIT first time homebuyers in San Fernando Valley California

Lupe Soto, Bilingual Realtor in San Fernando Valley offers real estate services and information for Southern California cities including Encino, Sherman Oaks, Tarzana, Studio City, Van Nuys, San Fernando Valley, Burbank, Woodland Hills, and Toluca Lake. SE HABLA ESPANOL

$8,000 Tax Credit has been approved 5/29/09

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Let's define what the tax credit is: a tax credit is a dollar for dollar reduction in your taxes. It can be deducted directly from taxes owed. If you purchase a home in 2009 and you qualify, wou would get a check back from the IRS for $8,000 after filing.

The FEDERAL FIRST TIME HOME BUYER (FTHB) tax credis is $8,000 and was approved 5/29/09. below are the details on the new revsised 2009 tax credit:

• First time home buyers only, owner occupied
• home must be purchased from 1/1/09 to 12/1/09 with an FHA loan
• If you sell your home within 3 years, the entire credit will be recovered from sale of home
• FHA loan limits apply
• Income limists $75,000 got individual and $150,000 for married couples

THE CALIFORNIA HOME BUYER TAX CREDIT IS FOR $10,000 is for homebuyers looking to buy new construction houses, see details below:

• new construction properties (never occupied)
• you must live int he property for 2 years
• the credit is paid over a period of 3 years and cannot exceed $10,000
• first come, first served basis, hurry there is a budget of $100 million dollars
• no income limitations
• you do not have to be a first time buyer

Please contact Lupe Soto (818)968-3718 for faster service or email Lupe LUPE@HOMESWITHLUPE.COM , Lupe Soto, Bilingual Realtor in San Fernando Valley, Los Angeles County for a free consultation. SE HABLA ESPANOL Happy house hunting.

San Fernando Valley areas in Los Angeles County: Arleta, Burbank, Canoga Park, Calabasas, Chatsworth, Encino, Glendale, Granada Hills, Hidden Hills, Lake Balboa, Lake View Terrace, Mission Hills, North Hollywood, North Hills, Northridge, Panorama City, Pacoima, Porter Ranch, San Fernando, Reseda, Sherman Oaks, Studio City, Sylmar, Sun Valley, Sunland, Shadow Hills, Toluca Lake, Topanga Canyon, Tujunga, Valley Village, Valley Glen, Van Nuys, Universal City, West Hills, Winnetka, Woodland Hills.

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SAN FERNANDO VALLEY REAL ESTATE WITH LUPE SOTO, BILINGUAL REALTOR (818) 968-3718

www.HomesWithLupe.com