Now you can buy Foreclosures for as low as $10,000. Listings Updated Daily.
Tax Credit Information
A new tax credit allows homebuyers to enjoy an $8,000 credit on their taxes when they buy their first home. You can combine this credit with a foreclosure purchase for amazing savings.
Since these offers are not unlimited in duration, now is the time to get a home at half price.
Our website help you get your next home purchase with extensive and accurate listings. Why would you pay full price for a home if you don't need to?
There are also cash tax incentives available for a limited time. Cash in while you can! There is even a low income tax credit available for housing.
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$15,000 Homebuyer Tax Credit
In an attempt to stimulate home sales officials in Washington, D.C., introduced a $15,000 tax credit to encourage people to buy a home.
This was a nice incentive that gave any home buyer a $15,000 tax credit.
This incentive was not included in President Barak Obama´s economic stimulus package. The House of Representatives reached a compromise but the $15,000 tax credit did not survive the process.
The existing $7,500 tax credit was increased to $8,000, though, so that´s good news. Additionally the $8,000 does not need to be repaid if you continue to own the home for at least three years.
$7,500 US Government Tax Credit Increased to $8,000
The Foreclosure Prevention Act of 2008 was enacted to help boost the housing economy.
The Federal government recently passed the $787 billion economic stimulus bill, increasing the tax credit from $7,500 to $8,000 and extending the program five months. There are not repayment obligations so it´s free money.
First-time homebuyers may now receive an $8,000 tax credit with the purchase of a home from April 9, 2008, to Dec. 1, 2009. Single taxpayers with incomes of up to $75,000 and married couples with incomes up to $150,000 are eligible to receive the full tax credit.
In addition to the tax credit our website routinely lists nearly 2 million foreclosures that sell for anywhere from 25% to 50% below market value. Now is a great time to buy!
Our foreclosure listings include government foreclosures, and foreclosures of other types. There is something of interest for everyone on who is interested in real estate on our website.
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