Dead Or Alive: Will Congress Extend the Tax Credit?

Land Mortgage · November 3rd, 2009

This week members of Congress should answer one of the biggest questions to affect your business in quite some time: Will the tax credit be extended?

The current $8,000 first-time homebuyer tax credit is scheduled to end on December 1st, 2009. According to many news agencies, the US Senate deliberated about an extension last week and has agreed to vote on Thursday, November 5th, to possibly extend the tax credit into the spring of 2010.

There is no doubt that the tax credit has been a major incentive for first-time homebuyers to purchase their first homes. Different news organizations have reported different versions of new details and wrinkles with the purposed extension.

At this point there is nothing set in stone. We are monitoring the situation closely, and the second we hear concrete details we will send them your way.

We're here to be a resource and serve you better. All we ask for is the opportunity to earn your business. Please let me know if you have any questions.

Sincerely,

Aaron Page
Land Mortgage

Tax Credit Extension News:

Bloomberg · MSNBC · MLP Blog

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