Congress urged to restore homebuyer tax credit

WASHINGTON – Sept. 9, 2011 – The National Mortgage Complaint Center, a consumer advocacy group, is asking Congress to introduce legislation to restore the federal tax credit for homebuyers in order to “rescue the U.S. residential real estate markets” and prevent home prices from dropping any further.

The group is asking the tax credit be increased to $15,000 and be available to every qualified homebuyer, including investors, first-time buyers, and repeat buyers.

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