"In an article in today’s Fox 5 news online, it appears that the tax credit WILL BE extended!

Please read through the link:

http://www.fox5vegas.com/money/21456362/detail.html?treets=vegas&tml=vegas_natlbreak&ts=T&tmi=vegas_natlbreak_1_04440110282009

From what I’ve gathered so far, here are the new parameters of the tax credit extension:

$8,000 tax credit extended through the end of April 2010.

We’ll need to have fully executed contracts signed by all parties by the end of April and the loan must fund & record by the end of June.

A reduced tax credit of $6,500 will be given to repeat buyers who have owned their current owner occupied homes for, at least, the most recent 5 years.

I’m sure there will be additional provisions yet to be released but these seem to be some of the more important highlights. Also, this bill still needs to pass in the Senate and the House before becoming law but things are looking very good for us.

I’ll continue to update you as additional information is released.

Please feel free to call with questions or if I can be of assistance to any of your clients."