THE CHICAGO FORECLOSURE BLOG


Daily Real Estate News  |  August 24, 2009  |   Share
First-Time Buyer Tax Credit Extension Possible
Bills to extend the maximum $8,000 tax credit for first-time home buyers, which expires Nov. 30, are pending in both the U.S. House and the Senate.

Sen. Christopher J. Dodd, a Connecticut Democrat and chairman of the Senate Banking, Housing, and Urban Affairs Committee, is co-sponsor of a bill with Georgia Republican Sen. Johnny Isakson that would raise the credit amount to a maximum of $15,000.

Senate Majority Leader Harry M. Reid of Nevada favors an extension of the current credit. He was quoted by the Las Vegas Sun saying, "It's something we can get done."

Odds are that the credit will be extended and broadened to cover all buyers next year, but the chances of the amount increasing aren’t as good, observers say.

Source: Washington Post Writers Group, Kenneth R. Harney (08/22/2009)

Posted by Kevin Conners on August 26th, 2009 9:21 AMPost a Comment (0)
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Illinois REO Sales / Chase RE 3400 W 111th st #479 Chicago, IL 60655
Phone: Fax:

Contact Us | THE WEALTH SYSTEM | E-mail Sign Up | Cash Buyers Wanted | Insider List | Home | Mortgage Calculators | Property Management | Blog

Copyright © 2012 Illinois REO Sales / Chase RE
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.