First-Time Homebuyers Gain from Foreclosure Plan (Short sale foreclosure)
Under President Obama’s foreclosure plan, first-time homebuyers will be given up to $8,000 in tax credit, which they can claim in their returns for 2008 or 2009. The exact amount is the lesser value between $8,000 and 10 percent of the value of their home. home foreclosures
If you are planning to buy a home that you will occupy for a long time, now is the time to buy, according to Moody’s Economy researcher Celia Chen. Individuals who lost properties to tax foreclosures could begin recovering by looking for bargains among thousands of low-priced homes across the country. home foreclosures
Tags: a, Bargains, Celia Chen, d, Economy, Foreclosure, h, Home Foreclosures, Long Time, Obama, Researcher, Short Sale, short sale obama plan, Tax Credit, Tax Foreclosure, Time Homebuyers
