Comments on: Housing Stimulus Bill Summary http://theblogthatatemiami.com/2008/07/31/housing-stimulus-bill-summary/ hungry for real estate news? Thu, 20 Nov 2008 21:40:26 +0000 http://wordpress.org/?v=2.6.1 By: Riley Smith | Coconut Grove Realtor http://theblogthatatemiami.com/2008/07/31/housing-stimulus-bill-summary/#comment-814 Riley Smith | Coconut Grove Realtor Mon, 25 Aug 2008 13:43:16 +0000 http://theblogthatatemiami.com/2008/07/31/housing-stimulus-bill-summary/#comment-814 Great information, I was unaware that the tax credit was repayable for 15 years. Great information, I was unaware that the tax credit was repayable for 15 years.

]]> By: Maggie Dokic http://theblogthatatemiami.com/2008/07/31/housing-stimulus-bill-summary/#comment-810 Maggie Dokic Thu, 14 Aug 2008 18:31:16 +0000 http://theblogthatatemiami.com/2008/07/31/housing-stimulus-bill-summary/#comment-810 Hi Lynda! No, this is total forgiveness that the feds provide. No payback is required if the right conditions are met. But it is only good for the years of 2007, 2008 & 2009. I guess they figure by 2010 we shouldn't be suffering these foreclosures (not to this extreme anyway). Maybe the 15 year payback was prior to the feds stepping in to provide some relief to overburdened homeowners. Thanks for stopping by! Hi Lynda! No, this is total forgiveness that the feds provide. No payback is required if the right conditions are met. But it is only good for the years of 2007, 2008 & 2009. I guess they figure by 2010 we shouldn’t be suffering these foreclosures (not to this extreme anyway). Maybe the 15 year payback was prior to the feds stepping in to provide some relief to overburdened homeowners.

Thanks for stopping by!

]]> By: Lynda Eisenmann http://theblogthatatemiami.com/2008/07/31/housing-stimulus-bill-summary/#comment-809 Lynda Eisenmann Thu, 14 Aug 2008 17:51:09 +0000 http://theblogthatatemiami.com/2008/07/31/housing-stimulus-bill-summary/#comment-809 I noticed your comment about the 15 year payback, so I guess it's amorotized over that period of time? I noticed your comment about the 15 year payback, so I guess it’s amorotized over that period of time?

]]> By: Lynda Eisenmann http://theblogthatatemiami.com/2008/07/31/housing-stimulus-bill-summary/#comment-808 Lynda Eisenmann Thu, 14 Aug 2008 17:44:34 +0000 http://theblogthatatemiami.com/2008/07/31/housing-stimulus-bill-summary/#comment-808 Interesting information (even though it's a cut a paste, couldn't let that one get by, lol)but I still have a few questions on the tax credit at this point. I read elsehwere there is a payback over the years on the credit. But I can't seem to find all the info. Any thoughts on this from you? Interesting information (even though it’s a cut a paste, couldn’t let that one get by, lol)but I still have a few questions on the tax credit at this point. I read elsehwere there is a payback over the years on the credit. But I can’t seem to find all the info.

Any thoughts on this from you?

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