Home Buyers Tax Credit Update - 11/5/2009

$8K tax credit - amount remains the same for first time home buyers

Extension - will be for sales contracts entered into by April 30, 2010, and escrow closed in 60 days

Homeowners included - $6.5K tax credit for existing home owners as long as they've been in their homes for 5 consecutive years in the past 8 and meet the income limits

Income limits increased - Single $75K-> $125K and Married $150K->$250K$225K (updated by CQ, 10:41 am PT)

AND - the White House endorsed the plan a few hours ago this morning.

And that is the latest!!

Posted Thursday Nov 05

Gregory Olson
REMAX Suburban

Gregory Olson: Real Estate Agent in Streamwood, IL

Office: (847) 577-9797

Mobile: (847) 977-7024

Serving all of Cook, Will, McHenry & Lake Counties. The agent that gives you ALL of the information you need! Call/ Email Today to set up your Customized Home Buying Website with no strings attached!

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Home Buyers Tax Credit Update - 11/5/2009

Gregory OlsonREMAX Suburban

Recent posts by Gregory

Gregory Olson
REMAX Suburban