1st Time Homebuyer Tax Credit Officially Extended (law, Washington, Texas) - Mortgages -Lenders, loans, financing, rates, foreclosures, short-sales, brokers, credit score, deed, lien, refinancing, borrowers - City-Data Forum

HeatherLynn822 · 11-05-2009, 06:36 AM

washingtonpost.com

TexasHorseLady · 11-05-2009, 06:43 AM

Well, it still has to pass the House and get the President's signature. It's passed the Senate, though.

zulu400 · 11-05-2009, 07:16 AM

Quote:

Originally Posted by TexasHorseLady

Well, it still has to pass the House and get the President's signature. It's passed the Senate, though.

What a joke 98 to 0.... This bill is as good as law my friend !!

neurodistortion · 11-05-2009, 07:48 AM

Well there's no question it's going to pass, the Senate overwhelmly voted for it, so it only has one more vote to go before it goes to the President.

TexasHorseLady · 11-05-2009, 08:10 AM

I've lived long enough to know not to bet on something like this until, as it's said, "The fat lady sings". Looks good for it to go all the way, but I'm cautious that way.

jas1999 · 11-05-2009, 08:28 AM

Didn't the 15k initially pass the senate only to get shot down by the house?

rjrcm · 11-05-2009, 08:33 AM

Quote:

Originally Posted by jas1999

Didn't the 15k initially pass the senate only to get shot down by the house?

Never made it to a vote.

And TexasHorseLady is correct, although current proposal has passed the Senate, people tend to forget the process for making a bill into law. Still has to get House approval, then President's signature. The title of the OP's post is incorrect.

HeatherLynn822 · 11-05-2009, 08:57 AM

Quote:

Originally Posted by rjrcm

And TexasHorseLady is correct, although current proposal has passed the Senate, people tend to forget the process for making a bill into law. Still has to get House approval, then President's signature. The title of the OP's post is incorrect.

Being as Obama has been widely & openly supportive of the credit, it's as good as done. It's as good as official.

rjrcm · 11-05-2009, 10:09 AM

Quote:

Originally Posted by HeatherLynn822

Being as Obama has been widely & openly supportive of the credit, it's as good as done. It's as good as official.

You may be correct that it will pass the House and get signed, but it is not official until then. Sorry to nitpick, but "good as official" does not hold legal status. What about others reading this staking their purchase decision on "good as official" and for some reason it does not get signed into law?

HeatherLynn822 · 11-05-2009, 10:35 AM

Quote:

Originally Posted by rjrcm

You may be correct that it will pass the House and get signed, but it is not official until then. Sorry to nitpick, but "good as official" does not hold legal status. What about others reading this staking their purchase decision on "good as official" and for some reason it does not get signed into law?

If you are staking your purchase decision on the $8K credit.... you probably shouldn't be buying a home to begin with!