Attention Military!
Deployed Service Personnel Still Eligible For Tax Credit!

We at Chesapeake Homes love our military families here in Hampton Roads, that's why we want you all to be aware that you may have an additional year to buy a home and claim the home buyer tax credit, which expired for most Americans on April 30.

The law provides qualified service members who served on official extended duty outside of the United States for 90 days or more at any time between January 1, 2009, to April 30, 2010, another year to buy a home and claim the credit. They have until April 30, 2011, to sign a sales contract, and until
June 30, 2011, to settle and close on the home. Both the $8,000 first-time and $6,500 repeat home buyer tax credits are included in the rule.

“Qualified service members” are defined as a member of the uniformed services of the United States military, a member of the Foreign Service of the United States, or an employee of the intelligence community.

The rule that requires buyers to repay the credit if they move out of their home within three years has also been waived for qualified service members if they have to sell their home due to receiving government orders for extended duty service.

Come on out to any one of our communities across Hampton Roads and take advantage of the extended tax credit offered to eligible military personnel!

For more information on the tax credit, visit www.FederalHousingTaxCredit.com.

Source:   http://www.nahb.org/news_details.aspx?sectionID=148&newsID=10602