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Hello to All!
Great News!! This is worth the few minutes to read. Be sure to click on the FAQ link below regarding income limits - you might be surprised!!
Bush Signs Housing Rescue Law
President George W. Bush signed into law a bipartisan housing stimulus bill today that is expected to bring greater stability to housing markets nationwide. The bill, strongly supported by the NATIONAL ASSOCIATION OF REALTORS®, will help some 400,000 home owners refinance into affordable, government backed loans and offer a temporary first-time home buyer tax credit, which is expected to serve as an attractive incentive to buyers and help reduce the high inventory of homes currently on the market. Homebuyers will soon have access to more affordable financing and for the first time buyers (or those who have not owned a home for three years), there is a tax credit to help them enter the market. This is a major victory for consumers and our nation! Please scroll down to see other info…
***The document below is an excellent resource of FAQ on income limits. Yes, even a joint return of $150K may qualify for the credit!
The new bill will affect a great number of people - if this doesn't apply to you, please forward to someone you know. Sooner or later, everyone needs a home!
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