$8,000.00 TAX CREDIT FOR FIRST TIME BUYERS AS STIMULUS BILL BECOMES LAW!!!!

With the signing into law on Tuesday by President Obama of the American Recovery and Reinvestment Act of 2009, the rumors swirling regarding the details of tax credit for first-time home buyers, and the differences int he amounts and terms between the House and Senate versions, can finally be put to rest - a compromise has been made, and the credit has now become the law.

Here are the main details regarding the credit:

• Amount of the credit is $8,000.00 (or 10% of home value, whichever is less) ;
• Available to first-time home buyers only;
• Home must be purchased (close escrow) between January 1, 2009 and November 30, 2009.
• Income restrictions: $75,000.00 for single filers and $150,000.00 for married couples;
• Credit DOES NOT have to be paid back, as long as buyer occupies home as primary residence for at least three (3) years (otherwise, buyer obligated to repay amount).
  

Of course, it is highly recommended and strongly suggested that you discuss with and seek the advice and guidance of your tax advisor regarding this credit or any other tax related questions or issues...

With low interest rates, incredible value in the Los Angeles housing market, and now EIGHT THOUSAND MORE DOLLARS in your pocket, the time may never have been better for first time home buyers to realize their dream of owning a home...

DON'T MISS OUT ON THE INCREDIBLE OPPORTUNITIES AVAILABLE IN THIS BUYER'S MARKET!!!!!

Call me at (323) 810-7976, or EMAIL ME for a no obligation chat to see if I can help you FIND YOUR DREAM HOME!!!!!

Treasures in the Pico-Union District...

The Pico-Union district of Los Angeles is a neighborhood on the fringes of Downtown Los Angeles, in the shadow of the Staples Center, home to the Lakers & Clippers, and primarily populated by first-generation Latin-American immigrants. Considered to be one of the poorest neighborhoods in the City of Los Angeles, this neighborhood is an example of how drastically an area can change over time.

At the turn of the 19th century, this area surrounding this neighborhood was among the most desirable land in the city, and today contains two historic districts as documented in the National Register of Historic Places: the South Bonnie Brae Tract Historic District and the Alvarado Terrace Historic District.

As you travel through the neighborhood, at any time you are likely to come across one of these absolutely stunning residences....








This treasure can be found at 826 South Burlington, Los Angeles, CA...