The following is a reprint of a letter written by Paul Mitchell, CPA (540-552-2721), and distributed by Dennis Duncan.  They have graciously allowed me to reprint the letter in its entirety, and I thank them for that.  The reason I wanted to post it in its present form is that it brings up an important point, and one that has not been discussed much – despite rumors to the contrary, at this point the First-Time Homebuyer Credit will expire at 11:59pm on November 30 2009.  I’ve heard people recently saying that it expires at the end of the year, and that’s simply not true.  Perhaps it’ll be extended, we don’t know, but if it were me I wouldn’t bet on it.  So if you’re thinking about buying in 2009, and you’ve not owned a home in the last three years, than you might want to think about taking advantage of this credit.  Get your preapproval, and let’s go shopping. Read More