Question by Ming S: who should pay the retaining wall for a new house, builder or new buyer?
The builer and sale managers never mentioned the retaining wall. After the foundation is created, we found that from the foundation line/base to the fence line/base, total long is about 20 feet and sloped elevation is 3feet 2 inches.
Would you please let us know who should pay this retaining wall?
Answer by rick z first off, you had no control over the location of the home on the lot, the elevation of the foundation on the lot or the final grading requirements for the lot, so it is 100% on the builder, not the buyer. The builder also had a legal obligation to disclose that the lot required a retaining wall. Having said that, typically a retaining wall is required if the slope on the lot exceeds a 3 to1 ratio, and it doesn’t sound like that’s your case. Either way you shouldn’t have to pay. That’s absurd. Tell them to keep their house. You may also just go to the top and speak to the general manager. As a former production manger, I can assure if the general manager has to get involved because his people have failed to do their job, it usually hits the fan.
Question by Marxist Radicals R Destroyers: Why Did The Democrats Today Oppose Extension On 8k First Time Home Buyer Tax Credit?
The republicans pushed for it, but majority democrats – did not.
They wanted to extend unemployment benifits another 6 weeks- but not the home buyer tax credit? Why do you think that is? Don’t they want the banks to be saved?
Answer by Tucking Fypos Cut spending, don’t cut spending, make up your mind.
Question by leoachilles: First time home buyer credit extension if never filed before?
I heard that if I bought a house in 2006 and never filed for the credit it can be done so now with some sort of exemption policy. Anyone know about this?
Answer by Steve D There was no first time home buyers credit in 2006, so there was nothing to file for and as such, there is no exemption or extension..
Question by prezkelly2485: Do I qualify for the military extension of the first time home buyer tax credit?
I am married and my husband has met the criteria of being deployed for more than 90 days in the last year. If he isn’t on the home loan, will I still receive the extension of the tax credit?
Answer by Ryan M He must be on the loan to qualify and the title. If he is not part of the loan, then there is no reason why you can not meet the original deadline. The whole point of the extension is FOR service members who served overseas.
Question by V: First time home buyer tax credit extension for income limit ?
We closed on a home in Oct 2009. The new extension of tax credit has a income limit of 225k for couples. Will we qualify for that limit or will the limit be 150k for us ? Please let us know.
Answer by Judy I haven’t seen the text of the new bill, and actually it’s not law until it’s signed although that’s likely to happen quickly. But odds are that the extension just applies to closings after Nov 30, and that the old limits will apply to you.
Question by : Does Hawaii count as an overseas tour for the K first time home buyer military extension until 2011?
Active Duty Military stationed in Hawaii since 2005, wish to purchase home as first time home buyer back on mainland, want to know if Hawaii tour is considered “outside US” for $ 8,000 tax credit extension until April 30, 2011.
Answer by acermill No, it does not, since Hawaii is one of the fifty states in the union.