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February 4, 2009 at 8:56 PM in reply to: Senate OKs $15,000 tax break for homebuyers – I believe investors too eligible for this tax credit #340973February 4, 2009 at 8:56 PM in reply to: Senate OKs $15,000 tax break for homebuyers – I believe investors too eligible for this tax credit #341298
ariffe22
Participantnobody should count their chickens before they hatch here, but it appears as the bill is written it applies to purchases after 12/31/08. In addition it appears that you need to put at least 5% down on the home to be eligible for the credit and the home must be a “principal residence”. There are recapture provisions if it does not meet the principal residence test within the first 36 months.
Then again, this has not passed the joint congressional committee and obtained the President’s signature. Congress says they will be done with this by President’s Day 2/16. We will see.February 4, 2009 at 8:56 PM in reply to: Senate OKs $15,000 tax break for homebuyers – I believe investors too eligible for this tax credit #341401Participantnobody should count their chickens before they hatch here, but it appears as the bill is written it applies to purchases after 12/31/08. In addition it appears that you need to put at least 5% down on the home to be eligible for the credit and the home must be a “principal residence”. There are recapture provisions if it does not meet the principal residence test within the first 36 months.
Then again, this has not passed the joint congressional committee and obtained the President’s signature. Congress says they will be done with this by President’s Day 2/16. We will see.February 4, 2009 at 8:56 PM in reply to: Senate OKs $15,000 tax break for homebuyers – I believe investors too eligible for this tax credit #341428Participantnobody should count their chickens before they hatch here, but it appears as the bill is written it applies to purchases after 12/31/08. In addition it appears that you need to put at least 5% down on the home to be eligible for the credit and the home must be a “principal residence”. There are recapture provisions if it does not meet the principal residence test within the first 36 months.
Then again, this has not passed the joint congressional committee and obtained the President’s signature. Congress says they will be done with this by President’s Day 2/16. We will see.February 4, 2009 at 8:56 PM in reply to: Senate OKs $15,000 tax break for homebuyers – I believe investors too eligible for this tax credit #341522Participantnobody should count their chickens before they hatch here, but it appears as the bill is written it applies to purchases after 12/31/08. In addition it appears that you need to put at least 5% down on the home to be eligible for the credit and the home must be a “principal residence”. There are recapture provisions if it does not meet the principal residence test within the first 36 months.
Then again, this has not passed the joint congressional committee and obtained the President’s signature. Congress says they will be done with this by President’s Day 2/16. We will see.January 23, 2009 at 10:18 AM in reply to: Just divorced. Got to sell in LCV and buy somewhere. Any ideas? #333951Participantor if you think you like SEH, rent in there to validate if truly want to consider a home there.
January 23, 2009 at 10:18 AM in reply to: Just divorced. Got to sell in LCV and buy somewhere. Any ideas? #334283Participantor if you think you like SEH, rent in there to validate if truly want to consider a home there.
January 23, 2009 at 10:18 AM in reply to: Just divorced. Got to sell in LCV and buy somewhere. Any ideas? #334367Participantor if you think you like SEH, rent in there to validate if truly want to consider a home there.
January 23, 2009 at 10:18 AM in reply to: Just divorced. Got to sell in LCV and buy somewhere. Any ideas? #334394Participantor if you think you like SEH, rent in there to validate if truly want to consider a home there.
January 23, 2009 at 10:18 AM in reply to: Just divorced. Got to sell in LCV and buy somewhere. Any ideas? #334480Participantor if you think you like SEH, rent in there to validate if truly want to consider a home there.
January 22, 2009 at 9:02 AM in reply to: Friend wants bailout, what are the necessary procedures #333084ParticipantSorry about your friend/co-worker’s situation, but really? Making 70K and financing 400K at 100%LTV. He should be so lucky to be able to walk away and not have to have to file for Bankruptcy too. I’d guess he’s got at Flat Screen TV, Furniture, and other assets that he’ll be fortunate to move into a modest rental. This just makes me sick……Bailout?……Bailout? It reminds me of Jim Mora talking about Playoffs? you know Playoffs?
January 22, 2009 at 9:02 AM in reply to: Friend wants bailout, what are the necessary procedures #333420ParticipantSorry about your friend/co-worker’s situation, but really? Making 70K and financing 400K at 100%LTV. He should be so lucky to be able to walk away and not have to have to file for Bankruptcy too. I’d guess he’s got at Flat Screen TV, Furniture, and other assets that he’ll be fortunate to move into a modest rental. This just makes me sick……Bailout?……Bailout? It reminds me of Jim Mora talking about Playoffs? you know Playoffs?
January 22, 2009 at 9:02 AM in reply to: Friend wants bailout, what are the necessary procedures #333502ParticipantSorry about your friend/co-worker’s situation, but really? Making 70K and financing 400K at 100%LTV. He should be so lucky to be able to walk away and not have to have to file for Bankruptcy too. I’d guess he’s got at Flat Screen TV, Furniture, and other assets that he’ll be fortunate to move into a modest rental. This just makes me sick……Bailout?……Bailout? It reminds me of Jim Mora talking about Playoffs? you know Playoffs?
January 22, 2009 at 9:02 AM in reply to: Friend wants bailout, what are the necessary procedures #333530ParticipantSorry about your friend/co-worker’s situation, but really? Making 70K and financing 400K at 100%LTV. He should be so lucky to be able to walk away and not have to have to file for Bankruptcy too. I’d guess he’s got at Flat Screen TV, Furniture, and other assets that he’ll be fortunate to move into a modest rental. This just makes me sick……Bailout?……Bailout? It reminds me of Jim Mora talking about Playoffs? you know Playoffs?
January 22, 2009 at 9:02 AM in reply to: Friend wants bailout, what are the necessary procedures #333615ParticipantSorry about your friend/co-worker’s situation, but really? Making 70K and financing 400K at 100%LTV. He should be so lucky to be able to walk away and not have to have to file for Bankruptcy too. I’d guess he’s got at Flat Screen TV, Furniture, and other assets that he’ll be fortunate to move into a modest rental. This just makes me sick……Bailout?……Bailout? It reminds me of Jim Mora talking about Playoffs? you know Playoffs?
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