Ray Acevedo Clermont and Orlando Real Estate

Bel-air Replat, Sanford  -  Announcing we are pending on 1805 Palm Way, a 1,675 sq. ft., 2 bath, 5 bdrm single story. Now MLS® SALE PENDING $69,900 - Mother in-Law Apt.

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•  lot / land - MLS® $129,900 - Lakefront Front Lot

Bella Collina, Montverde  -  Bank Owned Lakefront Lot with a response time on offers of 48 hours or LESS. This 1.4 acre lot is located in quaint Montverde in the gated community of BELLA COLLINA! ENJOY the spirit of TUSCANY throughout the community as well as manyamenities to include a FALDO CHAMPIONSHIP golf course with ROLLING HILLS and DRAMATIC ELEVATION changes, an equestrian center and a GRAND TUSCAN CLUBHOUSE with FIVE STAR service! Not to mention tennis courts, resort style pool, playground and SPORTS field! Community plans to include a paved walking/biking path that will offer views of lakes, orange groves, live oaks and pines. MINUTES (approx. 20) to ORLANDO

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Bella Collina, Montverde  -  Announcing a price reduction on Lot #109 Estruscan Lane, a 75,509 sq. ft. lot / land. Now MLS® $43,500 - Awesome Bella Collina Lot.

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• 2,976 sq. ft., 3 bath, 4 bdrm single story "Bonus Room above Garage" - MLS® $474,900 - Awesome Lakefront Home

Montverde, Lake County  -  Discover Boating/Canoing. Enjoy family fun on Lake Florence in this 4-bedroom/3-bath traditional home on 4.43 acres. Great features include a dining room, master suite with linen closet, separate shower, casual living room with surroundsound, fireplace, ,user-friendly kitchen with appliances included, under-counter lights for better visibility, electric range, microwave, dishwasher, refrigerator, breakfast bar, laundry with w/d included, home office to organize your bills, bonus room for extra storage, game room. Has a Pole Barn with a fenced in pasture area for horses all for only $474,900.

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Bella Collina, Montverde  -  Announcing a price reduction on Lot# 183 Pendio Dr, a lot / land. Now MLS® $74,000 - .

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Bel-air Replat, Sanford  -  Announcing a price reduction on 1805 Palm Way, a 1,675 sq. ft., 2 bath, 5 bdrm single story. Now MLS® $69,900 - Mother in-Law Apt.

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Bella Collina, Montverde  -  Announcing a price reduction on Lot #109 Estruscan Lane, a 75,509 sq. ft. lot / land. Now MLS® $47,900 - Awesome Bella Collina Lot.

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WASHINGTON – Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper.

First-time homebuyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package enacted earlier this year. But with the program scheduled to expire at the end of November, the Senate voted Wednesday to extend and expand the tax credit to include many buyers who already own homes. The House could vote on the bill as early as Thursday.

Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time homebuyers — or anyone who hasn't owned a home in the last three years — would still get up to $8,000. To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.

"This is probably the last extension," said Sen. Johnny Isakson, R-Ga., a former real estate executive who championed the credits.

The homebuyers tax credit is one of two tax breaks totaling more than $21 billion that the Senate included in a bill extending unemployment benefits for those without a job for more than a year. The other would let companies now losing money recoup taxes they paid on profits earned in the previous five years.

"We are still in a world of economic hurt, and Congress must continue to act boldly and creatively," said Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee. "With the right mix of tax breaks and investments we will get through this recession and get folks working again."

The real estate industry has been pushing to extend and expand the housing tax credit. About 1.4 million first-time homebuyers have qualified for the credit through August. The National Association of Realtors estimates that 350,000 of them would not have purchased their homes without the credit.

Extending and expanding the tax credit for homebuyers is projected to cost the government about $10.8 billion in lost taxes. While the measure passed the Senate by a 98-0 vote, Sen. Kit Bond, R-Mo., questioned its efficiency in stimulating home sales.

"For the vast majority of cases, the homebuyer tax credit amounted to a free gift since it did not affect their decision to purchase a home," Bond said. "And for the small minority of buyers whose decision was directly caused by the credit, this raises the question of whether we are subsidizing buyers who may not have been able to afford buying a home in the first place."

The credit is available for the purchase of principal homes costing $800,000 or less, meaning vacation homes are ineligible. The credit would be phased out for individuals with annual incomes above $125,000 and for joint filers with incomes above $225,000.

The credit would be extended an additional year, until June 30, 2011, for members of the military serving outside the United States for at least 90 days.

Expanding the tax credit for money-losing companies is projected to cost $10.4 billion.

The business tax break would allow money-losing companies to use current losses to offset taxable profits earned in the previous five years, giving them refunds of taxes paid in those years. Under current law, businesses with annual gross receipts of more than $15 million can claim losses back only two years.

The tax break would help industries suffering losses in 2008 or 2009, including retailers, homebuilders and newspapers. Congress included a scaled-back version of the tax break — for companies with revenues of $15 million or less — in the economic recovery package enacted in February. The new tax break would be available to companies of any size, providing a quick source of cash.

The U.S Chamber of Commerce has been a big backer of the tax break for money-losing companies.

"It frees up capital that they can use to maintain jobs and potentially even hire new people as the economy returns," said Caroline Harris, senior tax counsel for the U.S. Chamber of Commerce.

The tax breaks would be paid for largely by delaying a tax break for multinational companies that pay foreign taxes. It was passed in 2004 and originally was to have taken effect this year, but would now be delayed until 2018.