SPOOKY MEDIA today on Extension of Tax Credit: True or False?

Hey it is Halloween, my favorite time of the year! Do ghosts exists? How about vampires? Do you believe in the Lake Champlain Loch Ness Monster?

How about the extension of the first time home buyer tax credit? The media reported today that it has been extended! Do you believe it? Skeptical? Well good for you. Here are the facts:

Despite the recent news announcements today, the REALITY is that the Tax Credit has NOT been voted on. According to the National Association of Realtors and our Principal Broker at Coldwell Banker Hickok and Boardman, Annemarie Daniels, the Tax Credit has not been voted on. Here are the FACTS:



Senate leaders of both parties, key Senate Finance Committee members
> and staff, and the homebuyer tax credit sponsors Sen. Chris Dodd (D-CT), Sen.
> Joe Lieberman (I-CT, and Sen. Johnny Isakson (R-GA), have reached an
> agreement on extending and expanding the housing tax credit. However,
> right now, there is no agreement on how to attach this tax credit to
> the pending Unemployment Insurance bill, or whether to offer the tax
> credit agreement as an amendment to another bill, or whether to bring
> the agreement to the Senate floor and vote upon it as a separate,
> stand alone bill.
>
> After Senate action - if passed - the legislation must still go to the
> House of Representatives for consideration. There are still a number
> of steps to take before anything is final. We will continue to keep
> you updated as we receive additional information.

In the meantime, while we wait for the facts to be sorted out, I do believe in one thing, HOPE!!!!


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