$8,000 Tax “Gift” Extension Excites Home Buyers Anxious To Grab FREE Money!

$8,000 tax credit easily passes Congress, allowing more and more buyers to use their tax “gift” at closing for fees and down payment, says FHA and Fannie Mae.

Sarasota Realtor Mike Payne helps Canadians Dave & Alda buy their winter home!

$8,000 Tax Credit extension called “The Extended and Expanded Tax Credit Agreement” hopes to resuscitate a struggling economic recovery now burdened with commercial failures dropping like dominos.

Oh well, that’s another (depressing) topic. Right now, it’s party time!

Extended Tax “Gift” hands $8,000 to first-time homebuyers (those who haven’t owned a property in 3 years). It’s the same definition as current law.

But wait, there’s something new here:

Extended Tax “Gift” also allows for $6500 to repeat home purchasers, those who have used previous home as principal residence 5 of the 8 previous years. Naturally, there is an income limit of $125,000 for single filers/$225,000 for joint filers. Same for first-time & repeat/move-up buyer. You can’t buy a mansion & collect $6,500. Limitation on cost of home you purchase is  $800,000 if you want this gift, that is. Sorry!

This extension is good for December 1, 2009 to April 30, 2010 plus 60 Day extension if binding contract is in place by April 30, 2010

Last, Congress has added anti-fraud measures.

Great news, isn’t it? Of course, at the bottom of this press release is the dreaded small print, reminding all of us taxpayers (and future taxpayers all the way 3 or 4 generations from now that we/they are responsible for this HUGE tax burden. Oh well, somebody has to pay for the economic collapse created and exacerbated by BANKS, the FED, Congress & Alan Greenspan & Congress. What, you still believe those people getting subprime and investors and their NINJA loans caused this collapse? I pity your naivety.

$8,000 Tax Credit (gift) is extended and the housing recovery continues. If you want to buy or sell in the Sarasota, FL, or Orlando, FL, markets, please contact me. You can visit me at my real estate website at Sarasota Homes For Sale Now website. I would appreciate working with you to sell or buy. Please pardon the dust, though, as I’ve rebuilt the site and need to “flesh it out.” Are you angry about this tax credit? Please scroll down and leave your comment. Want to challenge me on who’s at fault for this collapse? Be my guest. However, it’s too late to point fingers, isn’t it? With that said, I apologize for bringing it up. It has no relevance any longer?

Welcome back! Got a question for me...or an experience to share? Please go to the bottom of this article to ask a question or share an experience. :) Thank you!

• Help Stop Foreclosure Before Even More Children's Favorite Teddy Bears Get Tossed Into The Dumpster! Help stop foreclosure before it's too late! For many families...with children...the damage is done! The dreaded "F" word has tossed many children out of their homes and into the streets. As a country, we are in BIG trouble as 285,000 homeowners per month continue to receive DEFAULT notices...285,000 per month!......
• Sarasota REALTOR Reveals $8,000 "Gift" When Buying Home! Sarasota REALTOR surprises home buyers with secret to FREE money for buying new home! [/caption] "Are you kidding me?" Carla said. "How do I get this $8,000 gift?" Carla didn't know she qualified for the $8,000 gift for buying her new home before November 30, 2009. She didn't know she......
• Repair Credit FAST When You Avoid The "FREE" Pitches Sprouting Up All Over The Internet! Repair credit fast by avoiding the misleading ads that INTEND to separate you from your money! Caveat Emptor...buyer beware. Sprouting up all over the Internet are ads similar to the one below: "Get your FREE credit report and score!" Awesome, huh? Oops, free is not free. Sounds legit, doesn't it?......
• Repair Credit FAST 'Secrets' Reveal The True (Damaging) Impact Of Inquiries! Repair credit fast requires you to understand the impact of INQUIRIES on your credit scores and what you MUST do to "fix" inquiry mistakes. Holy mackeral! I cannot believe just how many people still do not understand the damage caused to credit scores by those seemingly innocent inquiries! Let me......
• Bank of America Steals From Its Best Customers, Accuses Angry BofA Customer! Beware Bank of America and its evil plan to steal your money. Forget thinking this couldn't possibly happen to you because you are a loyal, repeat customer. BofA "jacks" my business account! "Bank of America is betraying its best customers!" states James of Tallahassee, FL. In James' own words, "Bank......

• It's Official First Time Home Buyer Tax Credit Extended Now For Existing Owners Too President Obama made it official earlier today - He signed into law an extension of the First Time Home Buyer's...
• Credits, Deductions, Oh My! Summary of Recent Income Tax Changes I was doing research on the recent changes in income taxes for one of the planners at my office, and...
• Win a $100 Home Depot Gift Card for Father's Day! Looking for that perfect gift for your hard-working Dad? If you're like most people, you can never think of something...
• 1 Year and Credit Card Debt Free! Pop the Champagne! It's time to celebrate!!! A little while back I posted about the fact that I have not...
• Tax Mechanics of Intra-Family Loans This post was inspired by a post titled, "Lending Money to Family and Friends" on a great blog fivecentnickel.  It...