Countdown to the $8000 Tax Credit-Important Dates to Know!
October 15, 2009:
Signed purchase agreements submitted by 10.15.09 have the best chance of closing by the 11/30/09 deadline. Historically, it takes 30 to 45 days to close a loan. However, new appraisal and disclosure requirements that recently took effect may add extra time to the closing process.
November 30, 2009:
The clock stops to take advantage of the federal tax credit of up to $8000. Eligible first time homebuyers have until the end of business on 10.30.2009, to close on their loans.
Wednesday, September 16, 2009
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