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Put The Newly Extended Tax Credit Legislation To Work For You

Thinking about buying your first home? Good news — now may be a great time to make your move! For a limited time, qualified first-time homebuyers may receive a tax credit up to $8,000 as part of the extended First-time Homebuyer Tax Credit and Advance Loan Program. If you plan to live in the home as your primary residence and have not owned a home during the past three years, you may qualify for the tax credit. As long as the home remains your primary residence for at least three years, you will not have to repay this tax credit.

With current federal tax legislation you can receive a tax rebate for purchasing a home.

No matter if you purchase a foreclosure or regularly listed property, there are incentives for you.

Here are some details of the tax incentive for first time buyers:
  • Available to first-time homebuyers - borrower cannot have owned a home for 3 years.
  • Credit amount up to 10% of the home's value, not to exceed $8,000
  • For any home purchase where a sales contract is signed by April 30, 2010 and closes by June 30, 2010
  • Available on single-family detached homes, townhomes and condominiums — newly constructed or pre-existing homes
  • Buyers qualified for full tax credit are single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000
  • The tax credit does not need to be repaid as long as the buyer does not sell the home within the first three years and it remains their primary residence
  • Purchaser receives tax credit when tax return or tax addendum is filed


Home First Time Buyers Foreclosure Basics Foreclosure Listings Get Out of Foreclosure Get advice
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PortlandForeclosure.com: Portland Foreclosure. Educating the public on foreclosures in Portland and Portland foreclosure related issues. If you are a first-time home buyer, seasoned investor or home owner, you've found the right place to discover.

Our online resource and help center on foreclosures is the most extensive foreclosure website in the Portland metropolitan area. We actively update foreclosure data for counties including Multnomah, Clackamas, Yamhill, Washington and Clark County.

 Location: 1030 NW 12TH AVE #TH4-1, Portland, OR 97209
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Disclaimer: Information provided is of public record. We do not guarantee the accuracy. In some instances, homes have been brought current, their default has been cured and they are no longer in the foreclosure process.



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