Call your congressman today and let's help push this program to be extended to next summer! This is helping our economy, getting new homeowners into house saving people from foreclosure, and providing a living for entire industry.
If you want to learn more about this tax credit and how to buy foreclosure at our workshop, go to:
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Your friend,
Carlos Samaniego, CMPS
Fight in Congress Looms on Tax Break for Home Buyers
DALLAS — When Congress passed an $8,000 tax credit for first-time
home buyers last winter, it was intended as a dose of shock therapy
during a crisis. Now the question is becoming whether the housing
market can function without it.
As many as 40 percent of all home buyers this year will qualify for the credit. It is on track to cost the government $15 billion, more than twice the amount that was projected when Congress passed the stimulus bill in February.
In the view of the real estate industry and some economists, all that money is well spent. They contend the credit is doing what it was meant to do, encouraging a recovery in the housing market that is gathering steam. Analysts say the credit is directly responsible for several hundred thousand home sales.
Read Rest of Story Here: http://www.nytimes.com/2009/09/16/business/16home.html
