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Does the proposed $6,500 homebuyer tax credit apply to contracts signed before Dec. 1 closing 2010?

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Nothing has passed yet, so no one can really tell you what the final form of the bill will be. You can read more about the current proposal that the Senate voted on here. And you can follow the changes and progress of the bill here

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November 03

Karen Harrison, "Gulf Shores"
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Karen Harrison, "Gulf Shores"

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BREAKING NEWS! The Senate passed it last night on a roll call vote of 85 to 2 making it almost certain to reach the President's desk this week. Six month extension for properties under contract by May 1, 2010 and closed within two months afterwards. $6,500 credit for existing homeowners who have lived in their home for five years. Also raised the income qualifying limits to help higher income families qualify

I just read this on another site and pasted in here for you to read.
Karen Harrison
RE/Max of Orange Beach
251-942-3764

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November 03

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Does the proposed $6,500 homebuyer tax credit apply to contracts signed before Dec. 1 closing 2010?

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Does the proposed $6,500 homebuyer tax credit apply to contracts signed before Dec. 1 closing 2010?

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Question Creative ways of financing can open properties up to buyers

Question Looking for good areas in Denver to buy for foreclosures for investment?

Question I currently rent in willington. really wanting to buy a home. but we have no money down.

Question Buying my first home: Do I need to hire a lawyer to be present at the time of closing?

Question not ready to make a commitment

Related Articles about Home Buying

Guide Real Estate Buyer's Closing Costs

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