Tax Credit for First Time Home Buyers Could Be Extended

The deadline for the current $8000 credit for First Time Homebuyers is looming on Nov. 30th. There is talk of this deadline being extended for another 6 to 12 months if the federal deficit doesn't get in the way.

Here's a good article giving more details on this possibility -- what parts of the credit would continue and for whom.

Comments

[Tax Foreclosures]

The biggest problem faced today is foreclosure of investment property with recession implementing taxes representing the difference between value of the property with the original value

[Free and Clear]

The duration of tax credit is extended for the first time buyers in the market , these can be the positive impact on investment demands .