Posts Tagged ‘housing tax credits’

IRS releases new tax rebate form for recent home purchases

Sunday, January 17th, 2010

The IRS released its long awaited tax rebate form 5405 for buyers who closed on a home after November 6, 2009.

DHW asks: Will you use the new form 5405 to requisition your tax credit?

Unlike many things in life, home sales exceed expectations

Tuesday, December 22nd, 2009

According to the National Association of Realtors, November home sales skyrocketed 7.4 percent. Analysts were predicting an increase of 2.9 percent. The housing tax credits are credited with the spike in sales.

There are 129 days until the housing tax credits run out. For more details about the housing tax credits, visit our Housing Tax Credit page.

DHW asks: Do you think homes sales will continue to exceed expectations?

Treasury Dept says ‘no deal’ for Fannie

Saturday, November 7th, 2009

Citing a loss too great for taxpayers, the US Treasury Department blocked Fannie Mae’s nearly $3 billion sale of unused low-income housing tax credits to Goldman Sachs Group and Berksire Hathaway.

DHW asks: Do you agree with the Treasury’s decision?

DesperateHouseWise Update

Saturday, November 7th, 2009

DesperateHouseWise.com added a new page to its site. Modification Center offers helpful information for homeowners seeking a loan modification or refinance. Find information about Making Home Affordable and local foreclosure prevention events. You can even find a free, HUD-approved housing counselor.

DHW also added Housing Tax Credits. This page provides in-depth information regarding the recent extension and additions to the housing tax credits.

DHW asks: Have you applied for a loan modification? How was your experience?

Fannie Mae strikes deal to sell $2.6 billion in unused tax credits

Thursday, November 5th, 2009

In a deal that still needs Treasury Department approval, government run Fannie Mae reached an agreement with unnamed buyers to sell approximately $2.6 billion in unused low-income housing tax credits. The Treasury Department said it would approve the sale “if it was clearly in the interest of taxpayers.”

DHW asks: Do you think this deal is in the best interest of taxpayers?