Real Estate Blog for Catherine McKendry, Turnersville, NJ
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Your Agent Connection Catherine McKendryWeichert Realtors 5070 Route 42 Turnersville, NJ 08012 Office: 856-404-5222 Mobile: 856-404-5222 Email: Catherine McKendry My Website |
Have a Real Estate Question for Catherine? E-Mail me at : CMCKSALES@AOL.COM
Mortgages-HOUSING AND ECONOMIC RECOVERY ACT OF 2008
September 06, 2008 Guidelines for Recovery Act 2008 for First Time Home Buyers
Catherine McKendry
Weichert Realtors
856-404-5222
HOUSING AND ECONOMIC RECOVERY ACT OF 2008
First-time Homebuyer Tax Credit
FEATURE H.R. 3221
Housing and Economic Recovery Act of 2008
Amount of Credit Ten percent of cost of home, not to exceed $7500
Eligible Property Any single-family residence (including condos, co-ops) that will be used as a principal residence.
Refundable Yes. Reduces income tax liability for the year of purchase. Claimed on tax return for that tax year.
Income Limit Yes. Full amount of credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return). Phases out above those caps ($95,000 and $170,000, respectively).
First-time Homebuyer Only Yes. Purchaser (and purchaser's spouse) may not have owned a principal residence in 3 years previous to purchase.
Recapture Yes. Portion (6.67 % of credit) to be repaid each year for 15 years. If home sold before 15 years, then remainder of credit recaptured on sale.
Impact on District of Columbia Homebuyer Credit DC credit not available if purchaser uses this credit.
Effective Date Purchases on or after April 9, 2008
Termination July 1, 2009
Interaction with Alternative Minimum Tax Can be used against AMT, so credit will not throw individual into AMT.
If you have any questions and are interested in a home purchase please call me at 856-404-5222 to set up an appointment to discuss financing of your new home.
Or E-mail me at CMCKSALES@AOL.com
Special Company Wide Seminar "Understanding the Incentives,"
September 2oth , 2008
Weichert Realtors Invites all First Time Home Buyers, please call me at 856-404-5222 to reserve a seat.
You must make a reservation !!!!
************ SEATING IS LIMITED **************
You can also register on line - To Register e-mail you information as follows to : CMCKSALES@AOL.COM
Make sure you include the following:
Name
Address and County
Day or evening phone number

on Sept. 20th , 2008
The recently passed tax credit for first-Special Company-Wide Seminar for First Time Home Buyers
on Sept. 20, 2008
Seating is limited so call me today at 856-404-5222 for dates, locations and times
First time Home buyers this presents an excellent opportunity for those looking to make their dreams of home ownership a reality. Nonetheless, many first-time buyers might be unsure how the tax credit works. Weichert, Realtors wants to help prospective first-time buyers understand the advantages of the $7,500 tax credit and capitalize on this financial incentive.
On Saturday, Sept. 20, at 11 a.m., Weichert, Realtors will host tax credit seminars for first-time buyers in every company-owned and franchised office. Titled "Understanding the Incentives," the seminar is designed to educate first-time buyers on the specifics of the tax credit, the financial advantages of home ownership and why experts believe that now is a great time to buy a home. In addition, a tax expert will be present to answer questions.
The first-time buyer tax credit only applies to purchases closed by June 30, 2009. Seize the opportunity and invite all your first-time buyers to this free, no-obligation special seminar.
I would hope you all could take advantage of this seminar and look forward to meeting all who call or e-mail me. Below I have my e-mail address for you to send me your questions and to schedule wiith me a confirmation that you will attend this offer for first time home buyers.
Thanks
Catherine McKendry
Weichert Realtors
Turnersville New Jersey 08012
E-mail CMCKSALES@AOL.COM
Cell: 856-404-5222
Special Company-Wide Seminar-----"Understanding the Incentives,"
on Sept. 20 2008
The recently passed tax credit for first-Special Company-Wide Seminar for First Time Home Buyers
on Sept. 20
Seating is limited so call me today at 856-404-5222 for dates, locations and times
First time Home buyers this presents an excellent opportunity for those looking to make their dreams of home ownership a reality. Nonetheless, many first-time buyers might be unsure how the tax credit works. Weichert, Realtors wants to help prospective first-time buyers understand the advantages of the $7,500 tax credit and capitalize on this financial incentive.
On Saturday, Sept. 20, at 11 a.m., Weichert, Realtors will host tax credit seminars for first-time buyers in every company-owned and franchised office. Titled "Understanding the Incentives," the seminar is designed to educate first-time buyers on the specifics of the tax credit, the financial advantages of home ownership and why experts believe that now is a great time to buy a home. In addition, a tax expert will be present to answer questions.
The first-time buyer tax credit only applies to purchases closed by June 30, 2009. Seize the opportunity and invite all your first-time buyers to this free, no-obligation special seminar.
I would hope you all could take advantage of this seminar and look forward to meeting all who call or e-mail me. Below I have my e-mail address for you to send me your questions and to schedule with me a confirmation that you will attend this offer for first time bome buyers.
Thanks
Catherine McKendry
E-mail CMCKSALES@AOL.COM
Cell: 856-404-5222
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