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Recent Blog Posts by Pat Maher

Home buyer tax credit

We are coming up on a first time home buyer tax credit, time crunch. There are 20 days from today to get a home under contract that must close and fund by June 30, 2010. The first time home buyer , has not owned a home for the past three years, or has never owned a home and is eligible for a tax credit of up to 8%. Home owners who have lived 5 of the last 8 years in their primary residence ...
Posted by Pat Maher @ 3:01 PM on 04/10/2010
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Tax credit time crunch

For the first time buyer time is getting shorter than they realize. As of this time the tax credit expires and homes must be "funded" by November 30th. In New Mexico there is a closing and hopefully the funding is the following day. The bank gets the documents from the closing and has a chance to re examine them. If everything has gone well they release the funds and we have "funding". There is a ...
Posted by Pat Maher @ 5:45 PM on 08/14/2009
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