UPDATE!!
MILITARY HOME BUYERS TAX CREDIT
New news for the military home buyer. If you are an armed services member, intelligence service, or foreign service personnel, who were on active duty and out of the U.S. for 90 days during any part of 2009, you get an additional year to write a contract on a home and receive a tax credit. You must write a contract on a home by April 30, 2011 and you must close by June 30, 2011.
Homebuyers who purchase their home using the tax credit must use that home as a principal residence for a period of no fewer than three years, or must forfeit the entire credit. However, military intelligence and foreign service members do not have to repay the credit if they have to sell after less than three years due to military orders, such as a duty transfer.
Labels: contract, homebuyers, military, tax credit
# posted by
Bryan Vogt @ 1:47 PM