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Real Estate Blog - Extension of First Time Homebuyer’s Credit

A one year extension of the first time home buyer tax credit bill has been passed by the House of Representatives unanimously, for service members serving overseas.
This will apply for men, women and their spouses of the Foreign Service and intelligence who served outside the US for at least 90 days in 2009 and served an official extended duty.
Another benefit to this bill is that if the service member sells their home within three years of purchase because of deployment, it will eliminate the repayment penalty for firt time home buyers. It is now in the Senate for consideration after passing 416-0.
via activerain.com

Posted via web from Kathleen Lordbock's Posterous

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