Orange County Home Sales / 2009 First-Time Homeownership Within Reach

Part of the Stimulus Plan Congress recently passed, grants up to $8000.00 for first time homebuyers. Here are the qualifying factors...
1). First time homebuyers purchasing a home between January 1, 2009 and December 1, 2009: buyers must not have owned a home in the past three years
2). First time homebuyers must use tax credit for their primary residence, single-family homes, condos, town homes or co-ops.
3). Tax credit is based on the price of the home and the buyer's income.
4). The tax credit does not need to be repaid if he/she occupies the home for three years. If the property is sold the credit will be recouped on the sale.
And thank you for making me Your Orange County Real Estate Connection.
www.MichaelCarusoRealEstate.com
Best regards.
Michael Caruso, Broker ABR ABRM CRB CRS GREEN GRI
2007 President, Orange County Association of Realtors (949) 753-7900