Comments on: First time home buyer tax credit extension update

By: neileaque

neileaque — Mon, 06 Dec 2010 07:41:33 +0000

You should also avoid the temptation of borrowing more than you can realistically afford. As property prices have rocketed, some lenders now allow you to borrow up to five times your salary. This is not recommended – by borrowing so much, you run the risk of financially over committing yourself and defaulting at some point in the future. Moreover, there is also the chance that you will find yourself with negative equity i.e. where the mortgage is actually greater than the value of your property.

By: Mike

Mike — Tue, 29 Dec 2009 01:01:55 +0000

I purchased my home back in July and I ammended my tax return in july also. I have yet to receive my $8,000 tax credit… I called the I.R.S. and they told me that it takes 12-16 weeks for the check to be sent. The only problem is that it has been 20 weeks and what I was told by an IRS employee is that around the 16th week “they” took up my case for review or investigating. Why didn’t they do that on week 2, 5 or 8. Why wait until the last freaken week. And what the #$%^ does review mean anyway. Why don’t they call or contact me to let me know what, why and when I should be expecting the money. I know they can just print it if needed to.
If they doen’t believe I purchased a house they could just come and visit me. I will make some coffee and we can chat about this years unsatisfactory play of my favorite football team… This is Bullshit! How are they helping the economy by hoarding the dollars. President OBAMA Do you know how they are screwing your initiatives in plain sight… By screwing the middle class again and again and again…. This has got to stop!!!

By: Chandler AZ CPA

Chandler AZ CPA — Fri, 20 Nov 2009 03:13:16 +0000

Each and every day more and more folks are losing their homes. This tax credit was needed. Without the support that it provides, who knows where the market would be.

By: Nathan

Nathan — Fri, 06 Nov 2009 02:06:40 +0000

This makes me wonder how bad the real estate market would be today without all of these tax credits for buying a home.

By: FreeFreedom

FreeFreedom — Thu, 05 Nov 2009 03:31:10 +0000

It was about time to do something to help consumers against foreclosures..this are great news!