Posts Tagged ‘Deadlines’

REPC Deadline Reminder System, by Inwest Title, a Utah Title Company

Friday, October 26th, 2012

Do you and your real estate team struggle to stay on top of REPC (Real Estate Purchase Contract) deadlines from transaction to transaction?  If you work with Inwest Title Services on your real estate transaction then you need not fret.  Inwest Title Services provides their clients with timely reminders on all of their important deadlines on the REPC.  The deadline system triggers an email to your inbox when your pending deadlines are near:

*Seller Disclosure, Due Dilligence, Settlement Deadline, as well as Financing and Appraisal Deadlines all arrive 2-4 days before the deadline on the contract.

The system will also notify you of the latest REPC addendum we have received on file.

Let Inwest Title Services put your deadline worries to rest.  Place your next title order with Inwest Title Services.

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance Quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.

 

 

Time is Running Out on the First-time Homebuyer Tax Credit, Make Sure to Act by April 30, 2010!, by Inwest Title a Utah Title Company

Friday, April 16th, 2010

The current First-Time Homebuyer Tax Credit is quickly coming to an end.  If you qualify and want to receive a tax credit (of up to $8,000.00 for first time homebuyers and $6,500.00 for long time residents) on the purchase of a principal residence then you must enter into a written binding purchase contract by April 30, 2010 and close no later than June 30, 2010.  There are only a few weeks left to take advantage, so get busy shopping and find the home of your dreams.  Congress has not expressed any intention of extending this credit, so once this credit is gone it may never be back.

The great part about this credit is that if you purchase by the 2010 deadlines, then can receive the immediate benefit of the credit by claiming it on your 2009 tax returns without having to wait.  Below are a few key requirements in order to claim the credit, but we recommend you fully review the IRS requirements for this program and check with your tax professional to make sure you qualify.

Basic Requirements:

Who Qualifies?

  • First-Time Home Buyers (no home ownership in the 3 years prior to your new purchase).
  • Long time residents who have owned and used the same principal residence for 5 out of the last 8 years.
  • Members of the Armed Forces and some federal employees outside of the US may have an extra year to purchase a principal residence and claim the credit.  (Contract by April 30, 2011 with purchase completed by June 30, 2011).

Income Limits?

  • Yes.  The credit begins to be phased out if your modified adjusted gross income exceeds $125,000.00 for single taxpayers and $225,000.00 for joint taxpayers.

Purchase Price Limitation?

  • Yes.  Maximum purchase price of $800,000.00.

To review detailed requirements of the tax credit review the following helpful links on the Internal Revenue Service’s web site:

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