For years now we have know about the serious side affects from Lead exposure and poisoning. Fortunately in 1978 the use of lead based paint was banned for residential use. If you purchased a home building after this date, then your home should be free of lead, but what if your home was built prior to 1978? Chances are good that your home has lead in it. Normally this is not a major problem unless you have young children who like to suck on the windowsills or if you have significant cracking and peeling on interior or exterior painted surfaces. Read More
The Senate has approved a plan to give home buyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.
The plan would give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to close the sale.
The proposal would only allow people who have signed contracts to finish later. About 180,000 homebuyers who already signed purchase agreements would otherwise miss the deadline.