Congress Extends and Expands Homebuyer Credit
Thank you Johnny Isakson for your hard work in championing the extension and expansion of the homebuyer credit in congress. After the passage of a recent bill, the first time buyer credit of up to $8,000 has been extended for seven months. Thus, in order to utilize the credit a buyer must close on their purchase on or before April 30, 2010. Additionally, the opportunity has been expanded to include up to a $6,500 tax credit for non first time buyers (defined as individuals who have owned their existing home for more than five years) who purchase a home before April 30, 2010.
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