Buy a Brand New William Lyon Home and Reserve Your $18,000 Tax Credits

NEWPORT BEACH, Calif., April 2 /PRNewswire/ -- California's first-time buyers must hurry to a select neighborhood by William Lyon Homes and reserve their $18,000 tax credits* before time runs out! Buyers who purchase a new home by April 30, 2010, close escrow between May 1 and June 30, 2010 may be eligible to get $10,000 in California State Tax Credits and $8,000 in Federal Tax Credits that they deserve. This limited time opportunity to earn up to $18,000 in tax credits is too good to miss and the deadline is just weeks away! Learn more details by visiting http://www.30homes30days.com to view the available homesites online. With 30 participating move-in ready homes that can close escrow in time to make the deadlines, make your move now, before someone else does!

(Photo:  http://www.newscom.com/cgi-bin/prnh/20100402/LA80907)

"The state recently earmarked $100 million for the benefit of first-time buyers, which is very encouraging news for California consumers who want to make the milestone leap to homeownership. This amazing opportunity to receive the state tax credit will end when all of the funds have been allocated to qualified buyers, so the clock is definitely ticking down and every minute counts," said Lesley Pennington, Director of Sales for William Lyon Homes. "In fact, buyers who act fast may be eligible to receive both the state and federal tax credits, which add up to $18,000 in savings. This is the chance of a lifetime and you definitely don't want to miss out, so log on now to find a participating William Lyon Homes neighborhood, where prices start from just the low $200,000s."

Adelina in north Fontana presents attached two-story duplex and triplex floorplans. Only three homes are left in the entire neighborhood, including one model. Sollara at gated Vintner's Grove in Rancho Cucamonga is selling its final three single-family detached homes, including the last model. The final four townhomes, including one remaining model are now selling at the Vintage collection at gated Arboreta in Glendora. Maybeck at 4S Ranch in San Diego is in a complete builder close-out, with just one beautiful model home for sale in the entire single-family detached neighborhood.

Additional neighborhoods by William Lyon Homes that are participating in the 30 Homes 30 Days Sale include Rosabella's attached townhomes at gated Shady Trails in north Fontana. Pasado at Del Sur in San Diego is a brand new address showcasing single-family detached homes and Blossom Grove at The Foothills recently introduced its single-family designs in Carlsbad.

*The Federal Tax Credit of up to $8,000 or 10% of the purchase price of home (whichever is less) is for qualified first-time buyers purchasing a principal residence that is priced at $800,000 or under and is only available for buyers who enter into contracts on or before April 30, 2010 and close escrow on or before June 30, 2010. The California State Tax Credit applies over a 3 year period, is for up to $10,000 or 5% of the purchase price of a newly built home, whichever is less, and is available for homes that close escrow on or after May 1, 2010 and on or before December 31, 2010 or on or before August 1, 2011, pursuant to an enforceable contract executed on or before December 31, 2010. The credit pool is limited to $100M and will be applied on a first come, first served basis. Not all buyers will qualify for the state tax credit. William Lyon Homes is not responsible for confirming whether the Federal and State Tax Credits are still available, nor is giving legal, accounting or tax advice or consulting of any kind. Please consult with qualified legal, financial and tax advisers to determine whether you will qualify for all or any portions of the federal and/or state tax credits. Visit www.federalhousingtaxcredit.com and www.ftb.ca.gov/ for complete details.

William Lyon Homes means it when they say that they put themselves into their homes. That's because they build each and every home as if it were their own. They've earned a solid track record for constructing homes throughout the West since 1954.

Prices are effective as of the date of publication. All homes are subject to prior sale. Prices and availability of homes are subject to change without notice. DRE Officer License: 00982816.

SOURCE William Lyon Homes