August 23rd, 2009 categories: Grants and Incentives
If you are considering purchasing that home or condo you should have a contract by the end of October to take advantage of the $8000 gift from Uncle Sam. He will be too poor in future years to give away more. There are some good deals out there as well. If less people are looking then the ones that look will get the better deals.
1. If you are in contract on a New Orleans Home or condo but have NOT closed by November 30th, sorry but you DO NOT collect $8,000 from the U.S. Government. The tax credit is ONLY for homes purchased and closed by November 30th, 2009.
2. If you are in contract to have a Home or condo in New Orleans metro area built for you but the house is not going to be ready until December 30th, 2009, sorry but you DO NOT collect $8,000 from the U.S. Government. Although you were under contract by November 30th, you did not close on the house by November 30th and the tax credit is ONLY for homes purchased and closed by November 30th, 2009.
3. If you are in contract on a New Orleans Condo and your closing date is scheduled for November 30th, but the lender is unable to close on November 30th because he has not finished processing your loan, sorry but you DO NOT collect $8,000 from the U.S. Government.
Incentives do work so you need to start looking no to take advantage of getting $8000. There also may be some Louisiana State Bond money coming out which should have great rates and another gift for you. Details should be out shortly. It too is too good to pass up of you qualify. Its well worth checking out and getting $15,000 in a double deal. Can that be you?