My question is this…Who’s to blame in this scenario?  Is it the government for changing up the programs and not making the terms of it well known?  Or, is it the home buyer for either not understanding all of the details or not purchasing their home within the allotted time lines?  Or, for those buyers that utilized a real estate agent to aid in helping them procure the home are the agents at fault for not helping their clients understand the different ramifications of the programs?  Well, it probably is a mixture in most scenarios but at the end of the day the home buyer is the one that is affected the most by this.  I hope that the real estate agents were giving their clients the proper information and whether or not the home buyers handled it correctly is between them and their accountants.

In Charlotte, NC where I work we did see an increase in sales due to this government program.  I’ve seen evidence nationally as well of the results in pending sales increasing before the deadline dates.  Please leave your comments on how you feel on this topic of tax repayment.

Mike Moulton, Broker In Charge
Bee Home Solutions, Inc.
704-885-0488