Fixing the federal first-time home buyer tax credit to cut down on the potential for fraud would be a simple thing to do, one local lawyer and title company executive said. In a recent report and testimony to a congressional committee, officials of the U.S. Treasury Inspector General outlined shortcomings ...
Activity remains high in the local real estate market as first-time buyers race toward signing a deal before the $8,000 federal tax credit expires on Dec. 1. While everyone in the real estate industry hopes the credit is extended beyond that deadline, no one is taking that possibility for granted.