Comments on: Legislation

By: Joseph Rand

Joseph Rand — Thu, 10 Jun 2010 23:59:17 +0000

Hi Lynn, I completely agree with you. It looks like an extension is in works!

By: Lynn Bellus

Lynn Bellus — Thu, 03 Jun 2010 12:50:50 +0000

Any chance of an extension for people that have been in escrow since March 2010, but might not be able to close by June 30th? We are dealing with a bank-owned home and getting repairs done is like pulling teeth. The repairs get done, but getting approval takes a month each time something is discovered.

By: There is no “Fourth Type” of Marriage Penalty: Confirmation from the IRS that an untitled spouse qualifies as an “owner” for the long-time homeowner credit « Irvine/Corona Real Estate Weblog

Wed, 14 Apr 2010 16:51:31 +0000

[...] spouse already owns a home, and then live in that home for a long period of time. Although the legislation literally requires both spouses to be owners of the property, the IRS imputes ownership from one [...]

By: Joseph Rand

Joseph Rand — Fri, 26 Mar 2010 02:36:03 +0000

Hi @Desiree, thanks for posting. I don’t know of any bill that is currently pending to extend the credit.

By: Desiree

Desiree — Wed, 24 Mar 2010 17:03:03 +0000

Is there a bill going through the government that would extend the homebuyer tax credit past the dates set forth in the Worker, Homeownership, and Business Assistance Act of 2009 ?

By: Joseph Rand

Joseph Rand — Thu, 11 Feb 2010 23:24:20 +0000

Hi @kirkneil, thanks for posting, but I don’t understand the question. Have you tried taking the Eligibility Test?

By: kirkneil williams

kirkneil williams — Thu, 11 Feb 2010 23:23:20 +0000

do i qualify for the 8000 tax credit if my home was purchase for 3500, will i get some kind of help if i owes the irs a 1000

By: Joseph Rand

Joseph Rand — Tue, 26 Jan 2010 04:55:40 +0000

Hi @dlc, I assume you mean for the long-time homeowner credit. The answer is no, you do not need to sell your old home to buy a new home and get the credit, but you do need to move into the new home and stay there at least three years.

By: dlc937

dlc937 — Tue, 26 Jan 2010 04:39:12 +0000

Does our present home have to be sold prior to buying a new home?