Charlotte Real Estate » first time home buyer http://beauferguson.com Beau Ferguson Thu, 17 Jun 2010 14:38:36 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Home Tax Credit Funds now delayed because of scams http://beauferguson.com/2010/01/21/home-tax-credit-funds-now-delayed-because-of-scams/ http://beauferguson.com/2010/01/21/home-tax-credit-funds-now-delayed-because-of-scams/#comments Thu, 21 Jan 2010 15:08:11 +0000 admin http://beauferguson.com/?p=124 Plan on filing for a Home Tax Credit? Don’t plan on spending the money quickly!
You can now expect delays of up to four months to receive your money. Because of scams, the IRS is now requiring new forms with letters of home purchase proof that must be mailed in when filing your taxes (meaning NO E-Filing). Whether you are ammending 2008 returns or filing 2009, if you purchsed after Nov 6th, these are the new guidelines. The IRS started sending back amended returns asking for proof. You can’t really blame them however…….it’s people scamming the system who are at fault.

]]> http://beauferguson.com/2010/01/21/home-tax-credit-funds-now-delayed-because-of-scams/feed/ 1 Possibly Tax Credit Extended and now includes Everyone! http://beauferguson.com/2009/11/05/possibly-tax-credit-extended-and-now-includes-everyone/ http://beauferguson.com/2009/11/05/possibly-tax-credit-extended-and-now-includes-everyone/#comments Thu, 05 Nov 2009 16:50:30 +0000 admin http://beauferguson.com/?p=120 Great News! Senate Voted yesterday to exend the $8,000 First Time Home Buyer Tax Credit to June 1st (meaning a purchase agreement would need to be in place by April 3oth, 2010). They have also voted to give existing home owners a $6,500 tax credit to expire on the same date.
The House is supposed to vote on it today…….hopefully it passes and improves the housing market.

]]> http://beauferguson.com/2009/11/05/possibly-tax-credit-extended-and-now-includes-everyone/feed/ 0 Rates have dropped again! http://beauferguson.com/2009/03/20/rates-have-dropped-again/ http://beauferguson.com/2009/03/20/rates-have-dropped-again/#comments Sat, 21 Mar 2009 02:07:10 +0000 admin http://beauferguson.com/?p=106 WOW!!!
Can it get much better.  For those of you with qualified credit, rates on FHA mortgages have dropped to the MID 4s!!!! Keep in mind, THE GOVERNMENT IS GIVING UP TO $8000 TO FIRST TIME HOME BUYERS WHO BUY A HOME IN 2009!!!!!!!!!!  That coupled with the extremely low rates is a DREAM COME TRUE!!!
]]> http://beauferguson.com/2009/03/20/rates-have-dropped-again/feed/ 0 New revised First Time Home Buyers Tax Credit…The Details! http://beauferguson.com/2009/02/23/new-revised-first-time-home-buyers-tax-creditthe-details/ http://beauferguson.com/2009/02/23/new-revised-first-time-home-buyers-tax-creditthe-details/#comments Mon, 23 Feb 2009 06:20:41 +0000 admin http://beauferguson.com/?p=94 Tired of Paying Rent? It’s official!…The new revision was signed last week. Take note first time homebuyers……..this is YOUR time to jump into the market!

A. Tax Credit is increased to $8,000

B. The income limits remain the same ($75,000 for an individual; $150,000 for a couple).

C. First Time homebuyers and Principal Residences only.

D. Tax credit is available until December 1st (previously it expired on July 1st).

E. Waiver of recapture (i.e. no repayment requirement) for properties purchased in 2009 prior to December 1st

  1. The provision is retroactive to purchases made on or after January 1, 2009.
  2. Recapture section does not apply to properties sold in first three years.

F. Waiver of prohibition on financing by mortgage revenue bonds is included.

There has never been an easier, better time to buy a home. Call me and ask about my rent buster program……I may be able to help you out of your lease.

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