It Ain't Over 'Til ... Tales of the $8,000 First Time Buyer Tax Credit 3

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Mortgage and Lending with Karen Pierce | Housing Counselor |Oregon NMLS 223305

Is the game up as far the $8,000 tax credit goes if an eligible first time home buyer isn't under contract on a home by April 30th and escrow closed by June 30th? Not if they are an eligible US servicemember like the many Southern Oregon Guardsmen and active military personnel bravely fighting for us in Iraq and Afganistan and are on active duty at least 90 days between 1/1/2009 - 4/30/2010 (or injured while on active duty). These brave souls will have an extra year to take advantage of the $8,000 first time buyer tax credit if they are eligible.

See you at the closing table!

Posted by

Karen Cooper Southern Oregon|California Mortgage ConsultantKaren Pierce - Housing Counselor/Certified Foreclosure Intervention & Default Counselor

               NMLS #223305

ACCESS - "Helping People Help Themselves Since 1976"

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Show All Comments
Rainer
131,955
Bryan Watkins
LRA Real Estate Group - Mesa, AZ

Karen,

you are right. We better get moving. Good post.

April 18, 2010 12:23 AM #1
Rainer
308,487
Randy Dodd
Rosanna's Realty - Abilene, TX
Realtor, ePro, GRI, TAHS

Nice info to help close the deal. thanks.

April 18, 2010 12:28 AM #2
Rainmaker
310,449
Karen Pierce
Karen Pierce | Housing Counselor |Oregon - Medford, OR

Bryan & Randy - I don't know about your area, but we have quite a few Oregon service men & women overseas that would have missed the tax credit without this extension. Thanks for stopping by to comment.

April 18, 2010 12:43 AM #3
Rainmaker
589,571
Jim Hale
ACTIONAGENTS.NET - Eugene, OR
On the Move for You! - Eugene - Springfield Oregon Real Estate

Trouble is:  a lot of our service members have such disrupted employment because of their deployment that even with the extension they may be hard pressed to qualify for a loan.

April 18, 2010 01:55 AM #4
Rainmaker
147,122
Krista Laulainen
Realty Trust Group - Portland, OR
Portland - Homes & Real Estate for Sale

buy buy buy

April 18, 2010 10:00 AM #5
Rainmaker
310,449
Karen Pierce
Karen Pierce | Housing Counselor |Oregon - Medford, OR

Jim - Let's hope that by the time we see the next wave of our troops returning in a few months, that has changed.

Krista - From your mouth to...

April 18, 2010 10:28 PM #6
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Rainmaker
310,449

Karen Pierce

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