If you or someone you know is serving oversees they are still eligiable for the taxt credit. This is a great way to reward our troops for serving our country. See below for more information.

The following information is reproduced from the IRS website:
Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase. Members of he uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.

More information about military personnel and the homebuyer tax credit is available at http://www.irs.gov/newsroom/article/0,,id=215594,00.html.

Your Local Home Team, LLC-First Weber Realtors
www.YourLocalHomeTeam.com Search for homes in the area!
Sold@YourLocalHomeTeam.com
262-719-7393 Office/Cell
262-364-3404 Direct Fax

Incoming search terms for the article:

• military home tax credit extension
• tax credit extension for military

Good Afternoon-
Well after much lead up that funds where running out- they have officially run out!
This doesn’t mean the program is discontinued- far from it. However as a lender we are in limbo right now. The bill is currently before the Senate for a vote- provided on when Harry Reid puts it up for vote is the main question.
This could be 2 days or 2 weeks- don’t know. By the end of this week we expect to able to continue the program subject to approriation of funds. We thought this was going to be the case on Monday- but hey where dealing with the Government here!

So what does this mean- if you have buyers that are closing in the next two weeks- they need a different program ASAP.
If you have a client closing mid June or later- I expect the program to be back up and running – no worries.

I have gotten a few calls wondering why Rural housing takes so long -it doesn’t when somebody knows what they are doing. I have secured funding for 3 clients prior to the end of the funding-
Don’t miss a commitment or closing date – I will be honored to keep you and your client (and seller) from going crazy!

I will keep you posted….

Steve

Steve C. Baumann Cell: 608-575-8384 Office: 866-834-1333×26 Email Fairway View my Video message

Brad Koenig, ABR, CRS, GRI, E-PRO and Kati Hatfield Client Care Manager
Your Local Home Team, LLC-First Weber Realtors
www.YourLocalHomeTeam.com Search for homes in the area!
Sold
262-719-7393 Office/Cell
262-364-3404 Direct Fax
Proudly Serving Southcentral Wisconsin with Referrals from our Clients
Visit my LinkedIn profile: http://www.linkedin.com/in/bradkoenig
www.FaceBook.com/bradleykoenig or facebook.com/yourlocalhometeam
Follow us on Twitter: http://twitter.com/bradkoenig
Check out our Blog! http://mywisconsinrealestateblog.com/

If you do not wish to receive future emails, please click the link to Unsubscribe: Unsubscribe.

Incoming search terms for the article:

• usda update
• usda mortgage funding update
• 2010 SENATE VOTE ON USDA LOANS
• Vote on USDA Funding
• usda updates 2010
• USDA mortgage funding update June 2010
• usda loans funding update
• usda loan senate
• usda loan funding 2010
• usda loan 2010

South Eastern Wisconsin Home Buyer assistance.

Related Materials

Home Sweet Home brochure (pdf in English)

Incoming search terms for the article:

• HCRIH