Clock is Ticking on the $8000.00 Tax Credit

BUYERS AND AGENTS BEWARE; TRAC BUILDERS, CUSTOM BUILDERS AND GENERAL CLOSING DATES. THE 2009 STIMULAS PACKAGE IS GONE OR CLOSE TO BEING OUT OF REACH FOR SOME HOME BUYERS.

IF YOU ARE BUILDING A NEWLY CONSTRUCTED HOME, AND YOU HAVEN'T STARTED CONSTRUCTION BY MAY 31, 2009, BE SURE YOU GET IN WRITING FROM YOUR BUILDER/CONTRACTOR A TIME IS OF THE ESSENSE GUARANTEE THAT THE HOME WILL BE COMPLETED AND CLOSED AND DISPURSED BEFORE DECEMBER 31, 2009. OR YOU WILL NOT RECEIVE $8000.00 TAX CREDIT.

HERE ARE A FEW TIPS TO KEEP YOU ON TRACK.

BEFORE YOUR HOME SEARCH GET FULLY QUALIFIED BY A GOOD LENDER. THEY WILL NEED TAX RETURNS, PAY STUBS, AND A FRESH CREDIT REPORT.

1. BUY A PRE-EXISTING HOME, OR COMPLETED NEW CONSTRUCTION.
2. DON'T ATTEMPT FORECLOSURES AND SHORT SALES AFTER SEPTEMBER OF THIS YEAR UNLESS THEY CAN GUARENTEE A DECEMBER CLOSE DATE.
3. HAVE ALL MONIES NEEDED TO CLOSE ALREADY IN PLACE. GIFT MONEY, 401K DRAWS,ETC. THIS WILL SAVE TIME IN THE PAPER TRAIL AND MAKE THE LOAN GO SMOOTHLY.
4. CHOOSE A GOOD TITLE COMPANY THAT HAS A RELATIONSHIP WITH YOUR LENDER, WHEN THINGS GET TOUGH THEY WILL DO WHAT EVER IT TAKES TO GET THIS LOAN DONE AND THEY WANT TO KEEP EACH OTHERS BUSINESS WHEN ALL THIS PASSES.

I HOPE THESE TIPS HELP YOU IN BEING A HOME OWNER.

GOOD LUCK AND GOD BLESS, JOHN!