Tax Credit Extention

Here is the latest word on the extension of the federal tax credit.


The Homebuyers Tax Credit passed the last hurdle yesterday, as both the House and the Senate have passed the bill and it now awaits President Obama’s signature, expected today or tomorrow. Here are the details:

For first time Homebuyers (those who have not owned a home in the last three years) the tax credit is $4000 for singles with an income cap of $125,000. Couples get $8000 with an income cap of $225,000.

New - Current homeowners (those who have owned a home for five of the last eight years) now can take advantage of a credit! Singles, $3250 with a cap on income of $125,000 and Couples, $6500 with a cap on income of $225,000.

This should be a great help!

REPC must be signed by April 30th and must close by June 30th.

Military persons stationed outside of the US on official duty for 90 days during the period, Jan 1st 2009 and before May 1st 2010 will have eligibility extended for finding contracts signed before May 1st 2011 and closed before July 1st 2011.

The election are now over. One thing to remember is your vote DID count.

Your city or county can only goes has high as its leaders. Get in and support your leaders to take your dreams up over the top!!

Identity Theift - Utah Attorney General Mark Shurtleff

Utah Identity Theft

Utah Identity theft is when a criminal uses your name, social security number or other personal information to commit a crime for financial gain in the state of Utah. ID theft has become has become an epidemic in the U.S. and around the world, with millions of people becoming victims of identity theft each year.

Utah Attorney General Mark Shurtleff fights for the people of utah read more at his website http://attorneygeneral.utah.gov/protecting_utah.html

Utah Loan Fraud
Types of Loan Fraud
Utah
All Locations
Business/ Personal / Student Loan
2.8%
2.6%
Auto Loan / Lease
1.6%
1.95%
Real Estate Loan
1%
1.2%
Unspecified
0.2%
0.2%
Total
5%
5%

Loan fraud comes in several forms. A thief using a victim's name to take out a loan is one form of ID theft. But, Utah loan fraud scams also include advanced-fee loan fraud scams, where criminals place fraudulent advertisements in newspapers or online, in which consumers are asked to call an 800 or 900 phone number to apply for a loan. The thief then says he can only approve the victim if they provide a small advanced processing free, usually around $300. The thief takes the money and runs. This scam is sometimes known as the Nigerian loan fraud scam, since the con artists often claim to be Nigerian government officials.
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Utah Bank Fraud
Types of Bank Fraud
Utah
All Locations
Existing Accounts
15%
8.5%
Electronic Fund Transfer
7.8%
6.6%
New Accounts
4.2%
3.6%
Unspecified
0.2%
0.1%
Total
16%
18%

Not every bank hires honest, upstanding employees. This means that a bank employee might use your personal information for his or her own financial benefit. He or she may use your identity to acquire credit cards or create new accounts in your name. “Phishing” is another Utah bank fraud crime that often involves a fraudulent online auction or online bank. Emails from these ID thieves may direct consumers to a counterfeit banking website. The information is then used to commit purchases or drain the credit card accounts of consumers.