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Home Buyer Tax Credit Extended Through June 2010

Posted Tuesday, November 17, 2009
by Elaine Roxane Winter

The government has not only extended the first time home buyers tax credit but also introduced a $6,500 credit for current homeowners, according to FiLife.

To apply for the new tax credit, current homeowners must have lived in the same place of residence for any of the five consecutive years within the past eight years.

The tax credit for the first time home buyers is based on ten percent of the purchase price. For example, if you buy a home for $800,000 – you’ll be eligible for the full credit but homes over that price will not qualify.

Read the full article at FiLife, by clicking here

Comments

I have been scammed by a Contracting and Developement company in
Genesee County in NY.
I'm widowed and disabled and the contractor took advantage of me after my return from the devastation of Hurricane Charley in Florida where my single wide mobile home in a senior citizen park had been extensively damaged.I was tired and weary and he made such great promises.
I had sold my home and planned to get a home built near my family when the hurricane hit and I had to go. When I returned,he approached me and solicited my business. He misrepresented his experience and promised me my new home, turnkey in 90 days. When I asked him to draw up a contract he hugged me and assured me that I was 'like family' and we didn't need a contract. He said he lived locally and could build it for much less because of that.He then began having me write checks to local lumber company totalling $70,000 and other subcontractors he hired totaling $109,000. This amount never went through his company name. That was only part of it. I paid for most of the allowance items and he kept making his demands.I tried to argue saying he was the contractor and should be getting a contractors discount but he denied being eligible for the discount and had me keep buying the materials. I needed a home and didn't want my family to know how stupid I had been getting involved with this person. When I began to question all the money he said, 'I swear on my daughters' eyesight, I'm not taking a penny'. He made this terrible statement to me twice adding, 'and you know I love my daughter'
He promised me twice that I had written the 'final check' but then walked off and said the house was finsihed and he wasn't going back. After 2 1/2 months of not showing up to finish the house, he filed a mechanics lien against the property. There is 10 acres attached to the property which he is trying to take. I was forced to respond to his law suit by getting a lawyer myself. I have now paid $91,000 in attorney fees and have been denied a court hearing because he has workers willing to purger themselves to keep their jobs.I am being forced to sell out to him becuase he talked me into no contract. He is taking my home away for half what it has cost me since he approached soliciting my business.
There seems to be no responsibility placed on him for having no contract despite him being a professional who solicited me with claiming untrue work experience. He became a member of the BBB since starting this. Because the case is in litigation, neither the BBB or Attorney Generals Office can be involved at this point.
I have now been without a home for nearly 5 years. I now hear reports that he is called, 'snake in the grass' and 'Slithering snake'. Beware all consumers, this has been a ticket for him to go on doing what he does to people. He operates under two company names.He is a con artist beyond words.
Comment By Valerie Hill At 2/13/2010 2:52 PM

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