Comments on: Home Buyer Tax Credit Extension: Yet another bill introduced

By: President Obama has signed a bill that extends tax credits for first-time homebuyers through April 30, 2010. The extension also opens up opportunities for current home owners.

Thu, 12 Nov 2009 06:29:47 +0000

[...] amended Senate Bill S1678 extends the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal [...]

By: Jay Thompson

Jay Thompson — Fri, 06 Nov 2009 05:42:55 +0000

For those following the home buyer tax credit extension, see this post for the latest developments. Credit extension and expansion passes both House and Senate:

http://www.phoenixrealestateguy.com/home-buyer-...

By: corbitr

corbitr — Tue, 27 Oct 2009 19:56:10 +0000

Hopefully this is extended and expanded prior to the deadline. Home prices in Florida are finally down to where I can afford to buy a home, and would like to be able to take advantage of this program. Also since 30yr fixed rates are near historic lows, there has never been a better time, and the tax credit is great incentive. By the way this is the only part of the stimulous that is actually working. The reason? Because it is a tax credit, not a bailout, not a freebie. Proof that tax cuts are what stimulate not handouts.

By: Gail

Gail — Tue, 27 Oct 2009 13:58:05 +0000

Apparently the credit will be extended till April and phased out over the next few quarters as discussed here: http://www.savingtoinvest.com/2009/02/15000-fir...

By: BW

BW — Fri, 23 Oct 2009 13:07:09 +0000

Well we pulled our offer on the short sale, and found another house that was a foreclosure. It was owned by Fannie Mae, and was such a smooth, efficient process! Our offer was accepted in a week, and we close on the 13th!

By: Rob

Rob — Thu, 22 Oct 2009 22:44:54 +0000

They should extend to credit to ALL buyers for at least another six months… but my suggestion would be to exclude all foreclosed and short sells from it. These sales are already a great deal to the buyer and don't need the additional incentive. The $15K idea seems a little far fetched and too costly, but the current 8K for all buyers except those under forclosure or short sale would be a good compromise.

By: Name

Name — Tue, 20 Oct 2009 02:48:09 +0000

Been waiting for approval from BOA since JUNE!!!!!!!!!!

By: Name

Name — Fri, 16 Oct 2009 21:06:15 +0000

We need an extension just to complete the purchase we started back in JUNE that is stuck in BofA “short sell hell”!!!

By: Danielle

Danielle — Wed, 14 Oct 2009 21:04:57 +0000

I, too, am waiting on a short sale house. We had out offer in July and still haven't made it through Phase 1. There is no chance to close by Nov. 30th. If it is not extended, I will have to retract my offer. They need to extend it at least 6 months to compensate for the lack of sales in the winter months, IMO.

By: Roy Peter

Roy Peter — Wed, 14 Oct 2009 04:44:52 +0000

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