Comments on: Lawmakers Push For An Extension Of The $8000 First Time Homebuyers Tax Credit Into 2010 In Proposed Bill

By: FELICIA

FELICIA — Sun, 27 Jun 2010 12:12:42 +0000

I HOPE THERE WILL BE AN EXTENSION, UNTIL NOV. 2010, WE HAD A BINDING CONTRACT BY APRIL 30,2010 AND A CLOSING DATE ON 6-21-2010, BUT DID NOT TAKE PLACE, BECAUSE OF THE BANK, IS REALLY BACK UP, SO WHAT CAN WE DO, PLEASE PUSH THE BILL. NEED HELP!

By: samantha

samantha — Sun, 06 Jun 2010 23:40:14 +0000

that 8000 tax credit was my motivation for purchasing a new home, I had everything set up to go,,,got the contract by dealine was set to close prior to Jul 1 2010 but my town was hit with bad weather not once but fourtimes and a state of emergency was delclared twice yet due to that bad weather my close date was pushed back and wouldn’t you know i was told that I could not claim the tax credit. Its not fare, to be punished for somthing that was beyond my control. I wrote every legislator and Senator and even the President because that credit was for struggling folk like myself who had never had house as was suppose to be an incentive yet no one could offer real help. Its not fair we really counted on that tax credit to recover the family after the purchase. Are they gonna offer it again I was sooooo close…dang snow and heavy rains. Wheres the help when the little people really need it. Can anything be done

By: LIZ REYES

LIZ REYES — Mon, 02 Nov 2009 21:02:43 +0000

HOPE IT EXTENDS BCAUSE IM IN LIMBO AT THIS TIME AND I WANT TO BUY MY FIRST HOME. BUT THE MORTAGAGE COMPANY WILL NOT FINISH BY THAT TIME. SO JUNE 2010 SHOULD BE PERFECR FOR STRUGGLING SINLGE PARENTS OR LOWER INCOME FOLKS LIKE ME IN A BORDER TOWN IN TEXAS!!!

By: Jeff

Jeff — Fri, 30 Oct 2009 09:53:33 +0000

It’s frustrating because now the latest is there will also be a $6500 credit to people buying but have been in their current home at least 5 years. My wife bought in 2005,we met in 2007,married in 2008 and bought a home (my first) in April 2009. This leaves us out of any possible credit,never mind the fact that since we purchased our house we spent $6000 for a new roof,$2000 for a riding mower…etc..etc..we helped stimulate economy but yet the govt.won’t help us. How sad.

By: david

david — Wed, 28 Oct 2009 23:59:39 +0000

I think the tax break should be extended until june 10 anyway. Im buying a house(via divorce)for the first time on my own for me and my daughter. I started this process late sept. and will be pushing to get it done by nov. 30. I’m not asking for a handout from anyone, but if the gov. is going to give me money , i sure want to take advantage of it. And yes, I work, pay taxes, and never been on any gov. programs. This tax break was intended to help people like me who have contributed all my life(40 now). It would be a shame to miss out on that money because I might miss the deadline by a week or so. With that $8000, I could stimulate the economy in my hometown by buying a little furniture, etc. So yea, I think we need to extend it for those who are already in the process of buying a home.

By: Bible Money Matters | Money Smart Life

Bible Money Matters | Money Smart Life — Mon, 26 Oct 2009 13:50:25 +0000

[...] Lawmakers Push for Extension of First Time Homebuyers Credit [...]

By: David

David — Mon, 26 Oct 2009 07:42:02 +0000

I think the credit definitely should be extended and opened to everyone, and it should have been written that way in the beginning. The arbitrary three-year window on ownership was foolish–if anything, it should not have been “owned” in the past three years, but “bought” in the past three years. For instance, If you bought a principal residence last in 1992, but owned until 2007, you would not have been eligible. It penalizes ownership, rather than rewards buying. So a rewritten, broadened, and extended provision is long overdue.

By: cindy

cindy — Sun, 25 Oct 2009 22:26:26 +0000

i think they should extend the tax credit and open it up to all homebuyers and to people that need to refinance thru a bank because they are under owner financing at this time because my situtation was, i never have owned a home, so i have never had a mortgage loan. but i got divorced,had to buy a home for me a my daughter. i am low income but not on any help and because my ex didnt pay upfront any monies owed to me, the bank wouldnt take my loan because i had to prove that my ex pd me, which he never did, so the owner decided to carry me for 5 yrs, bless his heart, but i need to refinance thru a bank, which i have great credit, never been late but not enough income, i am self employed, so i am probably going to lose my home because a bank wont finance me because they have messed themselves up in the past because they would just give big loans to people that wouldnt pay or couldnt, so that has messed people like me up that do pay their bills no matter what, i dont live beyond my means. sad, sad, sad

By: Hank

Hank — Sun, 25 Oct 2009 18:43:08 +0000

I think that Miranda hit the nail on the head. Politicians don't want to see what will happen when the program stops. It never should have been started in the first place. It is not enticing people into the market. It is just benefiting those who were going to be buying to start with. It is another waste of taxpayers' money by the government when they should have let the free market system weed out those companies, homeowners, realtors, etc. who wouldn't have made it originally without a handout. Hank´s last post ..Weekly Roundup: Great Personal Finance Articles and Blog Carnivals This Week

By: Jeff

Jeff — Sun, 25 Oct 2009 11:53:10 +0000

I think it isn’t fair that my wife and I don’t get the $8000. We bought in April this year and even though it was my very first home,my wife had owned her own(we married in 2008) They should have a provision where we would be eligible for 1/2 under those circumstances. $4000 would pay for 75% of the new roof we just had installed.