http://realestateconsumernews.com/financing/home-buyer-tax-credit-update-october-30-2009/ Real Estate Consumer News is a one stop source for consumers to get the information they want and need concerning real estate Wed, 08 Sep 2010 15:49:29 +0000 hourly 1 http://wordpress.org/?v=3.0 http://realestateconsumernews.com/financing/home-buyer-tax-credit-update-october-30-2009/comment-page-1/#comment-1121 Dennis Norman Thu, 05 Nov 2009 15:50:04 +0000 http://realestateconsumernews.com/?p=1729#comment-1121 Hi David, I believe it becomes law the minute the president signs it, however from what I have seen in the amendment, the tax credit would still not be available for existing home owners that qualify on a new purchase unless the purchase is after December 1st...For first time buyers I believe the existing plan guidelines would apply through NOv 30th (income limit, etc) and then the new guidelines would apply starting Dec 1st...I'm not an attorney and have not read the bill in it's entirety, but this is my belief from what I have seen.. Take care, Dennis Hi David,
I believe it becomes law the minute the president signs it, however from what I have seen in the amendment, the tax credit would still not be available for existing home owners that qualify on a new purchase unless the purchase is after December 1st…For first time buyers I believe the existing plan guidelines would apply through NOv 30th (income limit, etc) and then the new guidelines would apply starting Dec 1st…I’m not an attorney and have not read the bill in it’s entirety, but this is my belief from what I have seen..
Take care,
Dennis

]]> http://realestateconsumernews.com/financing/home-buyer-tax-credit-update-october-30-2009/comment-page-1/#comment-1120 David Thu, 05 Nov 2009 15:43:34 +0000 http://realestateconsumernews.com/?p=1729#comment-1120 If the home buyer tax credit extension is signed by the president, when will it take effect? December 1 or the day he signs it? If the home buyer tax credit extension is signed by the president, when will it take effect? December 1 or the day he signs it?

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