Comments on: Tax Credit Extension? http://www.larryhotz.com/extension/ Denver Lifestyles and Homes For Sale Sun, 05 Sep 2010 22:21:12 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: Tax Guru http://www.larryhotz.com/extension/comment-page-1/#comment-761 Tax Guru Mon, 23 Nov 2009 03:50:30 +0000 http://www.larryhotz.com/?p=3534#comment-761 I've been included in taxes for longer then I care to acknowledge, both on the personal side (all my employed life history!!) and from a legal standpoint since passing the bar and following up on tax law. I've offered a lot of advice and corrected a lot of wrongs, and I must say that what you've put up makes perfect sense. Please continue the good work - the more individuals know the better they'll be equipped to handle with the tax man, and that's what it's all about. I’ve been included in taxes for longer then I care to acknowledge, both on the personal side (all my employed life history!!) and from a legal standpoint since passing the bar and following up on tax law. I’ve offered a lot of advice and corrected a lot of wrongs, and I must say that what you’ve put up makes perfect sense. Please continue the good work – the more individuals know the better they’ll be equipped to handle with the tax man, and that’s what it’s all about.

]]> By: josh http://www.larryhotz.com/extension/comment-page-1/#comment-750 josh Sun, 25 Oct 2009 02:14:56 +0000 http://www.larryhotz.com/?p=3534#comment-750 I think it is a crime to only allow 1st time home buyers the credit. I sold my townhome and lost all my equity ($30000) and at closing to sell my house i wrote a check for another $1000. I have a good job, some savings, but am a victim of the housing market tanking. Therefore if it is extended i think that all home buyers should get teh tax credit, or maybe atleast if you sold your house for less than the origianl price you bought it for. Also another condition is the amoutn of the house you are buying. We are buying a home that cost 120k more than the one we sold, isn't that going to stimulate the economy? I think it is a crime to only allow 1st time home buyers the credit. I sold my townhome and lost all my equity ($30000) and at closing to sell my house i wrote a check for another $1000. I have a good job, some savings, but am a victim of the housing market tanking. Therefore if it is extended i think that all home buyers should get teh tax credit, or maybe atleast if you sold your house for less than the origianl price you bought it for. Also another condition is the amoutn of the house you are buying. We are buying a home that cost 120k more than the one we sold, isn’t that going to stimulate the economy?

]]> By: AdrianinDallas http://www.larryhotz.com/extension/comment-page-1/#comment-743 AdrianinDallas Wed, 14 Oct 2009 17:53:06 +0000 http://www.larryhotz.com/?p=3534#comment-743 I would like to see this extended once I found out about this tax credit I needed toime to get my credit corrected and in position ... now that I have everything where I want it I have ran out of time ... 6 months would be great !!! I would like to see this extended once I found out about this tax credit I needed toime to get my credit corrected and in position … now that I have everything where I want it I have ran out of time … 6 months would be great !!!

]]> By: bobby johnson http://www.larryhotz.com/extension/comment-page-1/#comment-742 bobby johnson Wed, 14 Oct 2009 17:32:33 +0000 http://www.larryhotz.com/?p=3534#comment-742 i myself have been trying to buy a home to get the 8,000 tax credit and i hope that it does get extended too. because i had to find a different home to attempt to buy because the progress of the first home (which was a short sale) was going no where. the second home is a forcloser and so far everything is going good. only problem that i'm having now is that they've set my closing date to be on 1 dec... one day after the tax credit.. and i'm trying and hoping that everything gets done prior to this.. it's like they put these programs out there and even though you make meet the criteria... it's always something there to hold up the process like...the bank, escrow, ratified contracts being signned, and bah...bah...bah.. cause i can go on for day!! so to all the readers out there.. don't get your hope uo too high with it getting extended, that way you won't stress about it.. you can't miss something you never have. but it you do get it.. apply it to the principle of the home...or better yet eliminate some of your other bills..like your truck note.. credit card payments.. and focus on your house note.."but don't us it to buy x-mas gifts" or to put yourself in debt! i myself have been trying to buy a home to get the 8,000 tax credit and i hope that it does get extended too. because i had to find a different home to attempt to buy because the progress of the first home (which was a short sale) was going no where. the second home is a forcloser and so far everything is going good. only problem that i’m having now is that they’ve set my closing date to be on 1 dec… one day after the tax credit.. and i’m trying and hoping that everything gets done prior to this.. it’s like they put these programs out there and even though you make meet the criteria… it’s always something there to hold up the process like…the bank, escrow, ratified contracts being signned, and bah…bah…bah.. cause i can go on for day!! so to all the readers out there.. don’t get your hope uo too high with it getting extended, that way you won’t stress about it.. you can’t miss something you never have. but it you do get it.. apply it to the principle of the home…or better yet eliminate some of your other bills..like your truck note.. credit card payments.. and focus on your house note..”but don’t us it to buy x-mas gifts” or to put yourself in debt!

]]> By: Tony Ortiz http://www.larryhotz.com/extension/comment-page-1/#comment-737 Tony Ortiz Fri, 09 Oct 2009 12:42:38 +0000 http://www.larryhotz.com/?p=3534#comment-737 It should definitely be extended. We are not out of the recession completely.Hopefully everything goes in favor of the consumers.There is very less time left so the Government has to decide fast and positve. It should definitely be extended. We are not out of the recession completely.Hopefully everything goes in favor of the consumers.There is very less time left so the Government has to decide fast and positve.

]]> By: Lisa Ducret http://www.larryhotz.com/extension/comment-page-1/#comment-734 Lisa Ducret Wed, 07 Oct 2009 16:33:03 +0000 http://www.larryhotz.com/?p=3534#comment-734 My husband and I were in escrow, then the inspection went badly. We are going to look at homes this weekend, and hope that we will still be able to take advantage of the tax credit. My husband and I were in escrow, then the inspection went badly. We are going to look at homes this weekend, and hope that we will still be able to take advantage of the tax credit.

]]> By: Gupta http://www.larryhotz.com/extension/comment-page-1/#comment-733 Gupta Tue, 06 Oct 2009 06:35:16 +0000 http://www.larryhotz.com/?p=3534#comment-733 Well,we have been in the market since March 09.One of our offers got accepted and went to Escrow.Unfortunately,it came out of escrow in July this year. Since then,we saw numerous properties and made ten separate offers.One of these got accepted but still stuck with the bank. Not in escrow yet.God knows when. I am sure that many folks are in the same boat and like ourselves would like to see the tax credit extended. Hoping for the best Well,we have been in the market since March 09.One of our offers got accepted and went to Escrow.Unfortunately,it came out of escrow in July this year.
Since then,we saw numerous properties and made ten separate offers.One of these got accepted but still stuck with the bank.
Not in escrow yet.God knows when.
I am sure that many folks are in the same boat and like ourselves would like to see the tax credit extended.
Hoping for the best

]]> By: Lisa http://www.larryhotz.com/extension/comment-page-1/#comment-730 Lisa Sat, 03 Oct 2009 15:44:18 +0000 http://www.larryhotz.com/?p=3534#comment-730 I need this to be extended - I was laid off from December 2008 to March 2009 and it took me time to get everything on tract again, including re-saving for a small down payment. I was lucky I kept my bills from every being late but it took funds that I had saved. I am 50 years old and this credit extended could ensure I have something to live in when I retire. I need this to be extended – I was laid off from December 2008 to March 2009 and it took me time to get everything on tract again, including re-saving for a small down payment. I was lucky I kept my bills from every being late but it took funds that I had saved. I am 50 years old and this credit extended could ensure I have something to live in when I retire.

]]> By: Mike In Dallas http://www.larryhotz.com/extension/comment-page-1/#comment-721 Mike In Dallas Sat, 26 Sep 2009 01:55:08 +0000 http://www.larryhotz.com/?p=3534#comment-721 He needs to hurry up and act. We need to know something to keep this moving. I would like it to be expanded and extented He needs to hurry up and act. We need to know something to keep this moving. I would like it to be expanded and extented

]]> By: Larry http://www.larryhotz.com/extension/comment-page-1/#comment-719 Larry Thu, 24 Sep 2009 14:44:36 +0000 http://www.larryhotz.com/?p=3534#comment-719 A survey of buyers from the National Association of Realtors says that almost 40% of all buyers identified themselves as first time homebuyers. That is huge. It's one reason NAR is urging it's Realtor-members to contact their Congressmen and lobby for an extension of the tax credit. If the tax credit does go way, demand for homes will sink fast. How much? Non one really knows. But, I hope we don't find out. I don't like the sound of the phrase "double-dip". A survey of buyers from the National Association of Realtors says that almost 40% of all buyers identified themselves as first time homebuyers. That is huge. It’s one reason NAR is urging it’s Realtor-members to contact their Congressmen and lobby for an extension of the tax credit.

If the tax credit does go way, demand for homes will sink fast. How much? Non one really knows. But, I hope we don’t find out. I don’t like the sound of the phrase “double-dip”.

]]>