The Ritter & Randolph, LLC Blog

Tax Credits

Using a Land Installment Contract to Take Advantage of the New Homebuyer Tax Credit

For the prospective homebuyers out there who are unable to take advantage of the homebuyer tax credit because they cannot secure financing from a lender, there is a solution: the land contract.

Homebuyers’ Tax Credit Extended

Last week senators reached a tentative agreement to extend the first-time homebuyer’s tax credit that was originally passed earlier this year as a part of the economic stimulus plan. The extension will act to further stimulate the U.S. housing market and help to alleviate some of the current economic challenges facing the nation.