Jonathan Himmelwright

Homebuyer Tax Credit Closing Deadline Finally Extended

Thursday, July 01, 2010 11:30 AM

Late Wednesday night the Senate followed the lead of the House of Representatives and voted to extend the closing deadline for the popular homebuyer tax credit that was scheduled to expire yesterday at midnight. Once President Obama signs the Homebuyer Assistance and Improvement Act of 2010, which he is expected to do next week, homebuyers will have until September 30 to close on their home purchase and still qualify for the tax credit (as long as they signed their sales contract by April 30, 2010).

The federal tax credit was part of the American Recovery and Reinvestment Act signed into law in February 2009. The $8,000 credit was available to first time buyers who purchased a house after January 1, 2009 and was originally scheduled to expire on November 30, 2009. The credit was seen to have stimulated home sales, especially in the lower price ranges, and in November Congress extended it through April 30 and added a $6,500 tax credit for non-first-time buyers.

The National Association of Realtors® (NAR) had pushed hard for the extension claiming that 180,000 potential buyers who were holding signed contracts would be denied the credit under existing rules. Other estimates put the number of eligible pending sales as high as 200,000. Mortgage requirements are slowing some traditional closings, but buyers who are purchasing bank owned real estate or short sales often find themselves involved in an extremely lengthy process. One mortgage originator said that even the slightest change in paperwork such as a repair required after an inspection or appraisal can take weeks for approval because of the number of signatures needed from the bank or mortgage servicer.

The extension was originally defeated in the Senate last week because it was attached, as an amendment, to a bill which contained an extension of unemployment insurance. The extension however managed to pass both the House and the Senate last night as a free standing bill.

HR 5623 also contains additional provisions to tighten the rules to prevent tax credit fraud. The Inspector General for Tax Administration in the Treasury Department said earlier this month that his office had found substantial fraud in the program. This included claims that were paid on houses purchased before the program started and for houses actually owned by someone else. The Inspector General also found that some 1,300 prison inmates, some serving life terms, had claimed and received more than $9 million in credits. The new legislation will allow the IRS to disclose tax return information to prison administrators.

There is still time to close even if you are waiting on an approval of a contract that is dated 4/30/2010 or before. Contact Jonathan Himmelwright at 1 800-323-0954 and get APPROVED TODAY or visit him on the web at www.LenderJon.com DON'T WAIT!

	36720 Alaqua Street Eustis, FL 32736 Approved Short sale located on golf course
Home Photo Gallery Virtual Tour Property Map Payment Info Request Showing Contact Me Jean-Luc McKenzie Mobile: 407-489-4789 Website: Visit Website	Price : $134,900 Bedrooms : 4 Bathrooms : 3 Square Foot : 2,525 Lot Size : 13,503 County : Lake Property Type : Attached Year Built : 2005 MLS Number : O4979889 click for more information and pictures Property Description Short sale: Approved Short Sale at list price, buyer walked. Now here is an opportunity for a buyer(s) to close quickly on this beautiful home. Home is located in a golf community with golf frontage. This house is ready to be move into. quick response from lender, only one mortgage to negotiate. Owner is very motivated to sell, shcedule a showing today to see this awesome 4/3 split plan home with open floor plan. Live the Florida lifestyle, golf everyday if you like to. Short sale; approval of the sellers lender (s) may be conditioned upon the gross commission being reduced. Only one mortgage to negotiate. Listing price may not be sufficient to pay the total of all liens and costs of sale and sale of property. Features List Golf Course Frontage Covered Lanai Family Room His/Her Closets Formal Living Room Formal Dining Room Eat - In Kitchen Breakfast Nook Laundry Room / Tub
Equal Housing Opportunity.	RLF Realty International : 2739 Old Winter Graden Road - Ocoee FL 34761 : 407-489-4789

Eustis Home located on the Black Bear Golf Course. This home features 4 bedrooms, 3 bathrooms, 3 car garage and has wonderful golf course views. This home is a Bank Approved Short Sale Prices at $134,900. Enjoy all that Black Bear Golf Community has to offer including a residents Club House.

Rich in history, with a promising future, Eustis is ideally located in the heart of central Florida. Nestled along the eastern shore of Lake Eustis, the 7,000 acre lake provides a picturesque background for the diversified community, where small town friendliness is not a thing of the past. With a population of over 19,129, according to census of 2008, Eustis is large enough to offer most big city amenities, yet is small enough to retain its small town charm. Eustis offers complete facilities for its citizens and visitors and a variety of recreational and educational opportunities. The historical downtown and outlaying areas continue to grow economically. There is an excellent hospital, several updated parks and recreation areas, new restaurants, and many other exciting improvements ongoing in Eustis and the surrounding area. Conveniently situated midway between Orlando, Daytona and Ocala, a commuting distance of an hour will take you to major theme parks and airports, as well as to either coast. Nearby access to Interstates 4 and 75 and US Hwy. 27 provide easy access to other areas in Florida and beyond.

Don't miss Crazy Gator Restaruant located in the historic downtown area right on Lake Eutis. Other businesses in downtown include Peddler Wagon, as well as many restaurants and shops. Eustis also hosts many community events through the year: Eustis Classic Car Cruise in Nights, George Fest and others. Located only 40 minutes from Orlando's attractions; Walt Disney World, Universal Studios, Epcot, Animal Kingdom, Hollywood Studios, and much more.

	13352 Lago Vista Winter Garden, Fl 34787 Private Gated Estate Home on Johns Lake Peninsula
Home Photo Gallery Virtual Tour Property Map Payment Info Request Showing Contact Me April Rager CDRS, CRS Office: 352-394-4031 Mobile: 321-689-6940 Website: Visit Website	Price : TEXT "19913" to 79564 FOR MOST CURRENT PRICE Bedrooms : 4 Bathrooms : 4 Square Foot : 7,428 Lot Size : 217,800 Community : Lago Vista County : Lake Property Type : Detached Year Built : 1994 MLS Number : G4648176 click for more information and pictures Property Description Direct frontage on a peninsula of Johns Lake in Winter Garden. This privately gated home is secured with cameras at the entry and the security system is all controlled via remote. The infinity edge pool appears to join Johns Lake. The kitchen has new stainless steel appliances, a copper sink, and more. The master suite is approximately 1500 sq ft. The second master is on the main floor and is private and secluded. The media room is accented with ornate wood trim and built in cabinetry, Must see it to believe, Also, see it on YouTube.
Equal Housing Opportunity.	Coldwell Banker : 1795 E. HWy 50 - Clermont FL 34711 : 352-394-4031

Great private location on 7 gated acres with John's Lake frontage. Watch the sunsets from the large lani with infiniti-edge pool. Keep you boat moored at your private dock complete with boat lift.

Close to the West Orange Trail with easy access to biking, hiking, walking, boating, water skiing and more. Visit Historic Winter Garden Florida and enjoy the many restaurants. Short drive to Disney World Parks; Disney Hollywood Studios, Magic Kingdom, Epoct, Animal Kingdon, and the water parks. Also close by are Universal Studios and Sea World. Downtown Orlando is 20 minutes awat and provides many sports venues such as Orlando Magic.

Location is easy access to Florida Turnpike, Route 429, and Route 408.

	3225 W ORANGE COUNTRY CLUB DR Winter Garden, FL 34787 Gated and Fenced Conservation Home
Home Photo Gallery Virtual Tour Property Map Payment Info Request Showing Contact Me Gayla Vest SL3072762 Mobile: 407-758-1208 Website: Visit Website	Price : $599,000 Bedrooms : 5 Bathrooms : 4 Square Foot : 3,503 Lot Size : 43,560 County : Orange Property Type : Attached Year Built : 1990 MLS Number : O4927125 click for more information and pictures Property Description Come and see this absolutely beautiful home that sits across the street from W Orange Country Club on over 1.4 acres and in the back you can enjoy swimming in your large screened in pool that overlooks conservation area. This 5bdrm/4bath home has alot of room to roam . This home sits in a very quite area...you can listen to the birds singing in the mornings as you enjoy your coffee out on your covered porch and enjoy a bbq with a cold drink and lots of friends in the evenings. This home boasts a large kitchen, 1st floor mstr., cabana bath, sitting room with fireplace with additional living room and family room, wonderful formal dining room. The owners have had the property fenced and electronic gate added for the protection of pets and children as they play in the huge yard and no worries of getting out onto the road. There is also an added generator for any power failures that may occur due to storms or the like. Features List Screened Pool Golf Course Front Thatched roof Deck Wood Floors Generator Built ins Fenced Stainless Appliances Private Gate 3 car garage 1st Flr. Master Work space in garage Conservation Behind
Equal Housing Opportunity.	Main Street Realty International : Main Street - Windermere FL 34786

This beautiful private gated home is located directly across from the West Orange Country Club and Golf Course. 5 Bedrooms and 4 baths, this 3,500 SF home makes it a great choice for your family.

Located within a short drive of Fowlers Grove Shopping Plaza in Winter Garden Florida. Convenient to the new 429, providing quick access to the Florida Turnpike, the 408, and village of Windermere FL.

Within a short 15 minute drive you and your family can enjoy Walt Disney World Parks; Disney Hollywood Studios, Epcot, Magic Kingdom, Animal Kingdom, as well as the water parks. Also close by are Universal Studios, Sea World, and many other local attractions.