First Time Home Buyer Credit Expiring Soon! - Blog

First Time Home Buyer Credit Expiring Soon! Buyers need to hurry and take advantage of the credit being offered. The deadline is looming!! Please read: Buyers Must Hurry to Meet Credit Deadline There’s still time for a first-time home buyer to complete a transaction before the tax credit expires Nov. 30, says Diann Patton, consumer spokeswoman. But home buyers who have to apply for a mortgage should make sure they have all the necessary paperwork in hand. Patton advises that they’ll need to have tax returns, income verification and bank statements, as well as completed applications forms ready to submit. Buyers in a hurry to claim the credit should also avoid short-sale properties, Patton says, because that process can delay closings. Source: USA Today, Sandra Block (10/13/2009) Posted by Sandra Kaiser @ 9:23 AM on 10/16/2009 Tags: buyer credit first time home home buyer tax credit

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