It depends.... (Don't you love that answer)! If you are writing an offer on a privately owned home, it isn't too late. If you are considering a foreclosure, it probably isn't too late. This would depend on how quickly the bank responds to you. Finally, if you are considering a house that is listed as a short sale, it could be too late. It depends on who holds the mortgage, how many mortgages are there, has the short sale process been started, etc.
11.30.09 at ll:59 PM you need have titel in your name
Keep in mind you receive annual tax benefits owning a home
Good luck with our search
National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
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Yes, you have time to still get in for the tax credit but you will need to be working with a Real Estate Team that is on the ball.
8000 Tax Credit Home Buyer Tips
1) You will need to be under agreement on your new home no later than October 30th, 2009, which if it was meant to be for you to get a home than this will be plenty of time.
2) I am assuming you will need a Mortgage Loan to purchase a home, as most consumers do and this is why you need to be under agreement by the end of Oct because it takes 30 days for the Bank to get everything together to close on your loan
3) If you have not decided on a Buyer Agent to work with yet...please check me out - I am available to help you reach your goal. http://www.LehighValleyRealEstate.TV
4) There is also a program through the state of PA where you can get a portion of the 8000 to use toward closing cost...but, there is only one local company that works with this program that I could find and really works with it. http://www.TomFlad.com Tom is with MetLife Home Loans in Allentown - You may qualify for $5000.00 to help you with your closing costs if you are looking at a preowned home. More Info Here on my Buyer's Only Page: http://www.allentownpahomesforsale.com/Buyers_ONLY/page_2220
5) I have also included the link to the Home Buyer Tax Credit Website which is easy to understand - just in case you have questions.
I hope this helps you and good luck if I do not hear from you.
610 737 5369.
Your question is one that we expect to become more common on Trulia as we approach the November 30th deadline.
Yes, you still have time to complete a normal sale prior to the deadline date, provided you can act quickly. In our opinion, at this point it would be advisable to avoid "short sales" that typically require additional time to close.
You can help your cause by getting pre-approved for financing as soon as possible. This should speed up your process and help you close more quickly.
Title and closing companies will likely be swamped during the last days remaining for the program. We recommend trying to get your sale done by at least the week prior to the end of the program.
The Eckler Team