California First Time Buyer Tax Credit - Money is Running Out
California is offering a first time buyer tax credit of up to $10,000 as well as a tax buyer credit for those who close escrow on their new homes between May 1, 2010 and December 31, 2010.
For more information about this, please see California Buyer Tax Credit.
There were estimates that the first time tax buyer credit would be exhausted in the first couple of weeks of the program. Estimates as of June 8, 2010 are that 57% of the tax credit has been exhausted.
If you missed out on the federal tax credit and would like to take advantage of the California first time buyer tax credit before the credit is exhausted, please contact Christine Donovan at 714.319.9751 to find your new home.
I am not an accountant nor do I have any training in tax preparation or tax credit, and this is not intended to be advice regarding taxes or the tax credit. Please contact the IRS or a qualified tax professional for advice.
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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.
Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.
If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes. Click the link if you are interested in buying a home at a courthouse auction sale.
Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.
Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.
Federal Government Disclaimer (MARS)
- You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.
- Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and
- Even if you accept this offer and use our service, your lender may not agree to change your loan.
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