Update Nov. 6, 2009 – The extension and expansion of the Home Buyer Tax Credit has been signed into law by the President. For more details on the credit – please click here.

We get lots of questions about the home purchase tax credit and whether or not it will be extended, , modified, etc. It appears that work is underway in Washington DC to extend and modify the program. Once it becomes law, we will post more details but for now, you can go to www.realtor.org to see the latest status. If you’d like to talk about the program with us, please call Patrick at 734-272-8375 or email him at patrick@bobbake.com. For more details on how the tax credit will affect your specific tax situation, contact a tax attorney.