Saturday, February 7, 2009

the American Recovery & Reinvestment Act of 2009

So many misunderstandings about this...

Yes, it is a $15,000 buyer credit BUT it has not yet passesd the legislature.

It will be for ALL buyers primary residence ( not for investments or second home purchases), and it will NOT be repaid in most circumstances.

If you reside less than 2 years I believe there is a pay back.

The purchase will need to be made within year of passage
This will be good NOT ONLY for purchasers but everyone ..let's get thing moving ...

let us hope it passes next week! We all need this one-

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