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Articles tagged with: homebuyer

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[6 Aug 2010 | One Comment | 1,243 views]
CCOA announces free classes for home buyers

It’s been said on more than a few occasions that buying a home is complex.
Further, it’s been said some of the complexity of purchasing a house means that a good number of people wind up in trouble.
When you think about it, the complexity and — at times — lack of understanding of what it takes to purchase a house helped lead to the emergence of the subprime lending market and the eventual demise of that same market.
Fayetteville-based Credit Counseling of Arkansas (CCOA) has spent a lot of time educating prospective …

Commentary, Politics »

[30 Jun 2010 | 22 Comments | 5,950 views]
Home buyer tax credit extended by Congress

This just in — the tax credit for first-time and repeat home buyers has been extended by Congress, according to this Associated Press (AP) article.
The legislation will now go before President Barack Obama for approval. Assuming he signs the legislation and it becomes law, buyers sweating the June 30 deadline to close on homes and receive a credit can relax a bit — they will have an extra three months to finalize their purchases.
We’ve had one home buyer tax credit or another since 2008. The credit was modified and extended …

Business, News, Real Estate »

[24 Jun 2010 | 3 Comments | 2,242 views]
Criminals con IRS through home buyer tax credit

It seems yet another group is out to defraud the IRS by improperly claiming first-time home buyer tax credits.
This time it’s people who can’t get sent to jail for tax fraud because, well, they’re already there. According to this CNN article, over 1,200 prison inmates – including 241 serving life sentences – received $9.1 million in tax credits reserved for first-time home buyers. Furthermore, over $28 million was improperly distributed in home buyer tax credits, according to a Treasury Department report released Wednesday.
For those not familiar with the first-time home …