Expert in Tampa, Hillsborough, Pasco county, Wesley Chapel,short sale, foreclosure homes, waterfront homes, condos, condominiums, resales, in FL real estate listings and homes for sale, home buying, home selling information – Vilma Lacorte, GRI Prudential Tropical Realty

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Tax credit $ 8000 for first time home buyer

April 3rd, 2009 9:29 AM

FIRST-TIME HOME BUYER CREDIT

WHO DO YOU KNOW THAT SHOULD BUY A HOME RIGHT NOW?

? Payments may be lower than rent!

? Home prices are amazing!

Here are the important highlights of the $8,000 First Time Home Buyer Credit of 2009:

The Treasury Department has moved at record speed to implement one piece of the new

American Recovery and Reinvestment Act of 2009 Act (also known as the stimulus act).

?? Forms and regulations are already in place for homebuyers who wish to claim the first-time

credit enabled under the act.

?? The credit is available to first time homebuyers who purchase a home before December 1,2009.

?? Homebuyers can claim the credit either on their 2009 tax return or immediately on the 2008 return due in April.

?? The tax credit represents 10 percent of the purchase price of a home up to a maximum of $8,000 or $4,000 for married taxpayers filing separate returns.

?? The $7,500 credit that was authorized under earlier legislation last year was actually a 5

year loan; the new tax credit does not have to be repaid by the homeowner under ordinary

circumstances.

?? The credit does have to be repaid if the homeowner sells the home in less than 36 months or if the home ceases to be his principal residence during that time.

?? For the purpose of this credit, a first time homeowner is defined as one who has not owned a home for the 36 months ending on the date of purchase.

?? The credit is available to taxpayers with adjusted gross incomes up to $75,000 or $150,000 for married taxpayers filing jointly. Above those income levels the credit is phased out gradually.

?? Homeowners who purchased a house between April 8 and December 31, 2008 are not eligible for the new credit. They are covered by the earlier legislation and can claim the $7,500 repayable credit.

?? Forms and instructions for claiming the credit on 2008 tax returns are available at

www.irs.gov. The form number is 5405.

Call VILMA now at (813) 523-3606 and let's start looking for home and avail of this tax credit!

Posted by Vilma Lacorte, GRI on April 3rd, 2009 9:29 AMPost a Comment (0)

FORECLOSURE HELP FOR HOMEOWNERS

April 24th, 2009 8:32 AM

HOMES SALES AND FORECLOSURE HELP

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HOME SALES

Florida's existing home sales rose 30 percent in March, making it the seventh month in a row that sales activity was higher than year-ago levels, according to FAR's latest housing data. Statewide existing condo sales increased 25 percent over the same period; and last month's home and condo sales were higher than February's levels. NAR reported that national existing home sales - all housing types - fell 3 percent compared to February's activity.

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FORECLOSURE HELP

The following groups are available to help at-risk homeowners:
• HUD at (800) 569-4287, (877) 483-1515, or www.hud.gov/offices/hsg/sfh/hcc/hccprof14.cfm
• HOPE NOW, a cooperative effort of HUD mortgage counselors and lenders to assist homeowners: (888) 995-HOPE or www.hopenow.com
• NeighborWorks America: www.nw.org/network/home.asp
• Federal mortgage modification and refinancing programs: www.makinghomeaffordable.gov
• The Controller of the Currency's consumer information site for banking-related questions: www.helpwithmybank.gov
• OCC Customer Assistance Group: www.occ.gov/customer.htm
• Federal Trade Commission: www.ftc.gov/bcp/edu/pubs/consumer/homes/rea04.shtm
• Federal Reserve Board: www.federalreserve.gov/pubs/foreclosurescamtips/default.htm

Source: Controller of the Currency (04/21/2009)
© Copyright 2009 INFORMATION, INC. Bethesda, MD (301) 215-4688

CALL VILMA AT (813) 523-3606 NOW for your homeselling or homebuying.

http://www.Vilmalacorte.com

Posted by Vilma Lacorte, GRI on April 24th, 2009 8:32 AMPost a Comment (0)

Just Listed! 10225 Moshie Ln. San Antonio, FL 33576

April 8th, 2009 8:12 AM

$195,000.00
10225 Moshie Ln.

San Antonio, FL 33576

Beds: 3.0	Rooms: 0
Baths: 2.00	Sq. Ft.: 2110.00
Garage: 2.0	Built: 0

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

If you have any questions
about this property or
require more information,
please feel free to call.

Vilma Lacorte, GRI
Vilma Lacorte, GRI Prudential Tropical Realty
(813) 523-3606
www.VilmaLacorte.com

Visit this listing at Here

Posted by Vilma Lacorte, GRI on April 8th, 2009 8:12 AMPost a Comment (0)