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

By
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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Groups:
1st Time Buyers
Everything Oregon
First Time Homebuyer
Moving to Oregon
Oregon Realtors and other Real Estate Professionals
Tags:
veterans
tax credit
8000 tax credit
oregon
ashland
medford
jackson county
rogue valley
karen cooper
wwwquality4loancom
first time homebuyer

Comments 6 New Comment

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Rainer
131,955
Bryan Watkins
LRA Real Estate Group

Karen,

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

April 18, 2010 12:23 AM
Rainer
305,887
Randy Dodd
Realtor, ePro, GRI, TAHS
Rosanna's Realty

Nice info to help close the deal. thanks.

April 18, 2010 12:28 AM
Rainmaker
308,423
Karen Pierce
Karen Pierce | Housing Counselor |Oregon

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
Rainmaker
589,438
Jim Hale
On the Move for You! - Eugene - Springfield Oregon Real Estate
ACTIONAGENTS.NET

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
Rainmaker
146,997
Krista Laulainen
Portland - Homes & Real Estate for Sale
Realty Trust Group

buy buy buy

April 18, 2010 10:00 AM
Rainmaker
308,423
Karen Pierce
Karen Pierce | Housing Counselor |Oregon

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
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Rainmaker
308,423

Karen Pierce

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