FIRST TIME HOMEBUYER CREDIT EXPIRING

Time is running out to take advantage of the Federal government's offer of an $8,000 first-time homebuyer tax credit. To qualify, homebuyers must complete a first-time home purchase before December 1, 2009. This means the last day to close on a home and take advantage of the credit is November 30. I encourage potential homebuyers to take advantage of market prices and this tax credit. While I support extending this tax credit, Congress has not yet acted. Potential buyers should be aware the current credit expires on the last day of November. For more information on the first-time homebuyer tax credit and how to apply, visit the Internal Revenue Services Web site www.irs.gov.