10/22/09

Kristy Hoerig

You didn't provide an anchor lead-in.  I wrote the following.
If you're in the market to buy a house, you may be running out of time to qualify for a big tax credit.  Kristy Hoerig tells us more in this Bobcat Update.
To receive an eight-thousand dollar tax credit from the federal government, you must be a first-time home buyer. November 30th is the cut-off date to close the deal. You may be eligible if the home is within the city limits and is either a single-family dwelling, a condo or a townhouse built after 1978. Income is another criterion.  To qualify for the full tax credit, single taxpayers cannot have incomes that do exceed 75-thousand dollars and for married couples the limit is 150-thousand dollars.
Century 21 Realtor Robbie Wiley says this is a great opportunity.
SB:Wiley…three year…
You have up to two years to amend your 2008 tax return.
SB: Javier
Stand-up(extra incentive for professors)
SB: Wiley..$5,000 credit for professors…
Tenured and tenure-track professors who are full-time employees and who have not owned a residence in San Marcos city limits within the past three years qualify for this program.
(Stand-up)
Program requirements include living in the home for five years and working for the university. After five years, the loan balance goes to zero and the lien is released. No repayment will be required if the professor lives in the house for five years.
(Stand-up)

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