Say NO to Extension of the Federal Tax Credit for First Time Home Buyers!!! (???)
October 16, 2009 · Jean Joh · 8 Comments
The deadline for the federal tax credit of up to $8000 for first-time home buyers is fast approaching. In order to take advantage of this credit, escrow must be closed by November 30, 2009. If one were to count backwards from this, allowing for a 45 day close of escrow (not uncommon these days), this means that buyers will need to be in contract, at the very latest, by mid-October which means NOW. Read more

