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Thanks to William Raveis Mortgage for providing the following information regarding the new tax credit for first-time homebuyers: FIRST-TIME HOMEBUYER TAX CREDIT Frequently Asked Questions As part of its major housing legislation (H.R. 3221), Congress has created a tax credit to provide an incentive for first-time homebuyers. ...
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The Senate passed The Housing and Economic Recovery Act yesterday. Details of how this will impact homeowners were found on Senator Chrisopher Dodd's website: http://dodd.senate.gov, which I have attached below:
Major Legislation to Strengthen Economy and Help Homeowners Nationwide Passes Senate 72-13 Bipartisan bill will help struggling ...
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