tax credit
Tax Credit for Buying Foreclosed Properties
Posted April 14th, 2008 by Diane Kennedy
The Senate overwhelmingly passed the new Foreclosure Act. The bill still needs to pass the House and be signed by the President. But, there are some very interesting tidbits inside the bill that bear a second look.
First, and my favorite, is a $7K tax credit (credit not deduction) for anyone who buys a house in the foreclosure process.
