My New Outside Blog: Just Announced First Time Buyer $8,000.00 has Been extended!

Just Announced First Time Buyer $8,000.00 has Been extended!

November 4, 2009

Senator Harry Reid

Washington, D.C. – Led by Nevada Senator Harry Reid, the U.S. Senate today passed a bill that will extend unemployment benefits, the Homebuyer Tax Credit, and tax relief for struggling businesses.The Senate vote was 98 to 0 .

Homebuyer Credit
• Extends the $8,000 credit through June 30, 2010 (must have binding contract by April 30, 2010).
• Expands the credit (capped at $6,500) beyond first-time homebuyers to those who have owned a home for five consecutive years within the previous eight years.
• Increases the dollar limits for eligibility for both credits from $75,000 for singles and $150,000 for married couples to $125,000 for singles and $225,000 for married couples.
• Limits the credits to homes costing $800,000 or less.
• Waives repayment of the credit for Members of the Armed Forces and others on sent away from home on extended duty.
• Extends the credit for an additional year for Members of the Armed Forces and others away from home on extended duty.
• The proposal adds an age requirement, requires corroborating information to be filed with a return claiming the credit, and gives the IRS greater authority to deny the credit based on information reported by the taxpayer on prior returns.

 

John Le Francois

John Le Francois

Production Manager

Direct Access Lending #405

650 White Drive Suite 200

Las Vegas, NV. 89119

Off: 702-617-9900

Fax: 702-541-9901

Email: john.lefrancois@dalusa.com

Site: www.lasvegasmtg.com

         Kenny Salame                                                                                                  Equal Housing

Kenny Salame
Senior Loan Officer
All Western Mortgage Inc.
8345 W. Sunset Rd.
Suite 380
Las Vegas, NV, 89113
US                            
Mobile: 702--506-3301
Direct: 702-947-0609
Office: 702-369-0905
Fax: 702-952-0887
ksalame@allwesterm.com
 
 
 
 
 
 
Comment balloon 7 commentsKenny Salame • November 04 2009 06:06PM

Comments

Welcome to ActiveRain!

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Troy Trumm, Trumm Team - 402-943-9494, Omaha NE

Omaha Homes For Sale

Omaha Real Estate

Posted by The Trumm Team Omaha Homes for Sale, Real Estate (Keller Williams Greater Omaha) about 11 years ago

Hello and welcome to Active Rain! Enjoy yourself, learn from others and share your experiences and knowledge with all of us! I look forward to reading your blogs in the future!

Posted by Kirk Westervelt, Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonville, SC (Van West Realty - Greenville, SC Realtor -Short Sale Expert!) about 11 years ago

Thank you. the Active Rain is very supportive of newbies. It is greatly Appreciated.

Posted by John LE Francois about 11 years ago

Welcome to Active Rain and congratulations on your first post.  It looks like you're off to a great start.  We hope you enjoy A/R as much as we do.  There are many opportunities to share your knowledge and learn from others. Take care, Yvette & Dennis

Posted by Yvette Gardner (Keller Williams Realty, Spartanburg, SC) about 11 years ago

Thank you. The members of ActiveRain have been so supportive and is greatly appreciated.

Posted by Kenny Salame, NMLS ID 313873 (All Western Mortgage Broker # 14210) about 11 years ago

Hi John,

Welcome to Active Rain and congratulations on your first post! The opportunities to learn and network are incredible here. Best of luck to you!

-Keith

Posted by Keith Elliott Jr, Principal Broker/Owner (KEIRE Realty Group) about 11 years ago

Keith,

Thanks. I can see all of the opportunities that ActiveRain has to offer.

Posted by Kenny Salame, NMLS ID 313873 (All Western Mortgage Broker # 14210) about 11 years ago

Participate