It was official on Friday November 6th. The BUYER TAX CREDIT was extended and amended. For those who have not owned a home in the last 3 years, the 10% of sale price up to $8000 tax credit was extended. It was also amended to include a credit of up to $6500 for borrowers who occupied a primary residence 5 out of the last 8 years if they purchase a new primary residence. If they own now or owned recently, then can still get up to $6500. Income limits were also increased.
You have to have an offer accepted by April 30th and the loan must close by June 30th, 2010.
Call me for details.
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