$7000 US Government Foreclosure Tax Credit

By
Real Estate Broker/Owner with REVOLV Real Estate Broker MA & RI

The benefits of buying foreclosed homes are about to get even better thanks to the $15 billion Foreclosure Prevention Act of 2008.

Homebuyers and investors can soon take advantage of a $7,000 one-year tax credit with the purchase of foreclosure properties if the legislation is passed.

That's a huge savings on top of already discounted real estate. In fact, foreclosed homes for sale on Foreclosure.com are often listed between 30 to 50 percent less than market value.

 

Foreclosure.com

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Rainmaker
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Selling Homes in Western New York, Licensed Real Estate Broker, Terri Kern
Turning Key Realty - East Amherst, NY
Terri Kern, Broker, Turning Key Realty
I ddin't hear about this one yet.  Let's hope it passes.  It would be great for all!
Apr 28, 2008 10:47 PM #1
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Rainer
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Denis DaSilva

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