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Tax Credit

Orange County Home Buyer Tax Credit Reminder

February 5, 2010

The updated and extended tax credit for first-time home buyers and current homeowners is slated to expire in less than three months.  Here’s a recap of the details:

Feature

Original Program

Extension

Deadline

Must fund by Nov. 30, 2009 (WFHM deadline was Oct. 30)

The measure is written differently so that a sales contract must be in [...]

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Proposed California Tax Credit Could Boost Orange County Real Estate

January 6, 2010

Real Estate in Rancho Santa Margarita and other Orange County cities could get another boost from the government.  Governor Arnold Schwarzenegger has proposed  a new homebuyer tax credit for California taxpayers.
Not Just For First Time Buyers
Just like the new recently passed Federal program,  the proposed credit would apply to the purchase of existing as well [...]

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Extended and Expanded Tax Credit

November 12, 2009

There’s good news for home buyers seeking homes for sale in Orange County, and Real Estate in Irvine and other local cities should be affected.  New legislation has extended and expanded the old “First Time Home Buyer Tax Credit” – it now applies to people who already own home as well.  The picture of the [...]

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Proposed Legislation to Expand First-Time Buyer Tax Credit

September 28, 2009

Senator Johnny Isakson has introduced new legislation that would significantly expand the existing first-time home buyer tax credit. Isakson is a Republican from Georgia, but he was joined by a bi-partisan group of co-sponsors, including Senators Chris Dodd, a Democrat, and Joe Lieberman, an Independent.
Key Provisions

The maximum amount of the credit would be increased from [...]

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First Time Home Buyer Tax Credit – The Inside Scoop

June 12, 2009

How Orange County Home Buyers Can Take Advantage of the First-Time Home Buyer Tax Credit

One of the most exciting provisions of the American Recovery and Reinvestment Act of 2009 for Orange County Home Buyers is the $8,000 tax credit available for first-time home buyers. Add this tax credit to the historical low home prices and [...]

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First Time Orange County Buyer Info

June 7, 2009

Thanks to Janice Eckles at MetLife Home Loans for helping to compile this information
First Time Home Buyer Tax Credit
One of the most exciting provisions of the American Recovery and Reinvestment Act of 2009 is the $8,000 tax credit available for first-time home buyers.  Combine this tax credit with the fact that home prices and interest [...]

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