Important Features of the Housing Recovery Act 2009
The new bill addressing foreclosures and real estate is a complicated bill, no doubt, but here are a few important provisions that stand out and will help the housing market, tremendously. Lower interest rates for mortgages Greater ability to get financing
$8,000 Tax Credit for Homebuyers must close by 12/01/09
$8,000 TAX CREDIT Important note for homebuyers, especially those shopping late in the year: Initial reports regarding the $8,000 tax credit for first-time homebuyers reported a Dec. 31 deadline to purchase property. However, that’s incorrect. The home must close before Dec.
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