Davenport Iowa Real Estate

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Congress Tells Homebuyers "We Will Print More Money"

Here is the latest on the First Time Home Buyer's Tax Credit Program!

Extended, Expanded, Exceptional Opportunity!!!

For more information, call:

LUCKY LANG, QUAD-CITIES FAVORITE REALTOR®

Lucky Lang, SRES®

Licensed in Iowa & Illinois

Mel Foster Co., Inc., 3211 E. 35th Street Ct., Davenport, IA 52807-2585

Cell: (563) 676-9031 Fax: (563) 459-6720 Toll Free: (800) 791-8132 Ext. 2213

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Don't let this great Real Estate buying opportunity pass you by!!!

 

 

Obama Will Give You A Wheelbarrow Full Of Money If You Buy A House in TallahasseeCongress has extended and expanded the homebuyer tax credit. The modifications will become effective when President Obama signs the bill, which could occur as early as November 6, 2009.

I have received numerous emails and comments from readers who asked for me to report the changes to the First Time Homebuyers Tax Credit when they occurred, and the changes most likely will occur immediately. This post will review the changes and enhancements so you should be able to understand the new housing tax credit. I

The Obama Administration Says Buy A Home

Buy a house and you can take part in the Obama Stimulus plan. The Obama train is printing wheelbarrow loads of money for everybody who wants to buy a home now, not just first timers! So, how does this all work?

The $8,000 homebuyer tax credit for first-time buyers, due to expire November 30, 2009, will be extended through  June 30, 2010. First-time buyers who are in the process of making a purchase will no longer need to worry about qualifying for the $8,000 credit if they close after the November 30 deadline. The new legislation increases the income limit for couples with income up to $225,000, roughly a $55,000 increase above the level in existing law.

For the first time, the new legislation states that buyers who already own a home are eligible for a credit. A $6,500 maximum credit will be available to existing homeowners who have lived in their current residence for five of the prior eight years. The legislation limits eligibility for the existing homeowner credit to homes worth $800,000 or less.

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Download  Home Buyer Tax Credit Changes Flyer[Continue To Home Buyer Tax Credit Download]

For info about Real Estate Anywhere in the World, please call:

LUCKY LANG, VOTED FAVORITE REALTOR®

Lucky Lang Davenport Iowa Real Estate for Sale

Lucky Lang, SRES®, RFC, M.I.S.

Licensed in Florida & Iowa

Premiere Plus Realty, 886 Park Ave. #103, Marco Island, FL 34145

Cell: (563) 676-9031

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Don't let this great Real Estate buying opportunity pass you by!!!

Comment balloon 2 commentsLucky Lang • November 06 2009 06:38AM

Comments

That's exactly what I hear too, It's okay. If we didn't have enough, we will just print more of it. Only our government can do that.

Posted by Loreena and Michael Yeo, Real Estate Agents (3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.) almost 11 years ago

Loreena,

Truer words were never spoken!

Lucky :)

Posted by Lucky Lang, Marco Island & Naples Florida Real Estate (Premiere Plus Realty Marco Island) almost 11 years ago

Participate