According to the Associated Press, Senators have agreed to extend the

tax credit for first-time homebuyers and to offer a reduced credit to

some repeat buyers.

Reportedly, Senators agreed to extend the existing tax credit for

first-time homebuyers while offering a reduced credit of up to $6,500

to buyers who have owned their current homes for at least five years.

The tax credits would be available to buyers who sign sales agreements

by the end of April 2010. They would have until the end of June to

close on their new homes.

This is a preliminary report, details and conditions may change as the

legislation becomes finalized. We will give more details as they

become available.

For informational purposes only please speak to your accountant or

attorney for details.

If you would like to get loan information from recommended banks, or get started and view all homes, condos, investment properties, pre-foreclosures, bank owned foreclosures (REO's) or thinking of selling your property, please visit our website at: County Properties San Diego or County Properties Riverside

By the way…if you know of someone who would appreciate the level of service I provide, please call me with their name and business number and I’ll be happy to follow up and take great care of them.