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HR 2801

Homebuyer Tax Fraud: Did the Bad Apples ruin it for everyone else?!

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I guess it doesn’t surprise me too much because I personally encountered lenders and real estate agents misleading buyers about the first time homebuyer tax credit.
We were very quick to release news and educate homebuyers about the original $7,500 first time homebuyer tax credit and have been on the forefront of the changes [...]

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Ways and Means Committee Announce Hearing on Homebuyer Tax Credit

by Scott Schang October 19, 2009 Tax Credits

FROM THE COMMITTEE ON WAYS AND MEANS
SUBCOMMITTEE ON OVERSIGHT
FOR IMMEDIATE RELEASE
October 22, 2009
Lewis Announces Hearing on Administration of the First-Time Homebuyer Tax Credit
House Ways and Means Oversight Subcommittee Chairman John Lewis (D-GA) today announced that the Subcommittee on Oversight will hold a hearing on administration of the first-time homebuyer tax credit. The hearing will take [...]

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Does H.R. 2801 Have a Chance? Is it Worth taking the Chance?

by Scott Schang September 1, 2009 Loan Programs

Well, this is certainly going to be a closely watched topic over the next couple of months as the deadline for the Federal $8,000 First Time Homebuyer Tax Credit reaches it expiration date.
It seems now that the mainstream media is flirting with prospect of California nearing the bottom of the market. If this is true, [...]

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HR 2801: Home Ownership Moves the Economy Act of 2009 – Homebuyer Tax Credit Revision

by Scott Schang August 26, 2009 Tax Credits

We have a little bit more news about the efforts to revise and extend the Homebuyer tax credit. Let’s take a look at the Bill as it stands now and translate it into English. My notes will appear after each section and is indicated as NOTE:
You can track the progress of this BILL at GovTrack
A [...]