By Daryl Datus, John L Scott
(John L Scott)
This is great- Key lawmakers in the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years. That's the grease for the wheel to get us thru winter!Home buyers must be under contract by April 30, 2010, and close before July 1. House Democrats have expressed concern about the cost of the tax credit for the government, get this someone claimed their 4 year old on tax credit, their is always someone to upset the apple cart- and the allegations of abuse have resulted in an IRS probe of the program.