On Friday, November 6, 2009, President Barack Obama signed a law that extended the First Time Home Buyer Tax Credit, which was set to expire on November 30th. This law not only extends the first time home buyer tax credit, but it will also add a new tax credit for qualified repeat home buyers.

Though there is much debate whether this was a good thing for the country, the fact is, it’s a done deal and you need to understand the facts of this new law.

With this new law in effect we realize that there are many questions being asked. Well, we have the answers for you. [Read more...]