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Erica Crohn Minchella ~ Attorney at Law

7538 St. Louis Ave. Skokie, IL 60076 • 847-677-6772

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Monthly Archives: June 2010

Why Should We Extend The Tax Credit Deadline for Closings?

Erica Crohn Minchella ~ Attorney at Law Posted on June 25, 2010 by chris7February 9, 2011

The homeowner’s federal tax credit was a much-needed shot of adrenaline for the US housing market. For the past few months, we saw numbers on home sales go up as a direct result of the credit, and there are even more purchases that were signed before the deadline that are pending approval of lenders to close. We know that the credit was instrumental in getting desperate homeowners, unable to pay their mortgages, buyers interested in purchasing their homes. But we’re still far from recovery. Just look at what happened when the credit expired. Home sales dropped to their lowest level … Continue reading →

Posted in Government Stimulus, Mortgages, Residential Real Estate | Tagged federal homebuyers tax credit, real estate economics, stimulus, washington | Leave a reply
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