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Attention Cleveland First-Time Home Buyers - Time is Running Short for the 8K Federal Tax Credit

First time home buyers in Greater Cleveland: Heads Up! The deadline to close on a home is December 1st. If you are contemplating purchasing a short sale home, this adds signficant risk to the process, and there are many homes out there that are being short-saled, so buyer beware.

Ensure you are pre-approved for a loan, you understand your monthly payment, projected utilities, set reserve funds aside for a rainy day, partner with a good real estate agent who knows the ins and outs of a market, etc.

http://8ktaxcredit.com/

Content copyrighted by Chris Olsen and protected by CopyScape.

Olsen Ziegler Realty -- A $marter Way to buy and sell your Greater Cleveland, Ohio Home

Posted Sunday Jun 28
( 06/29/09 08:27PM ) — Tim Bradford

On top of the 8,000 Federal Stimulus, the Ohio Housing Finance Agencies MCC Program can offer additional Tax Credits.  This program did run out of funds for Non-Target Areas, however at Noon Today they allocated an additional 2.5 Million.  An online calculator is available Here to see the possible additional Tax Credits that could be available.


With these credits and the number of Value Priced homes today is a great time for anyone that is considering buying a home to step up their efforts to find a home.

Hi Tim -- Thanks for sharing additional information about other incentives as well.

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