The credit will be extended from May 1, 2010 to December 31, 2010.

The AB 183 statement: “The tax credit will be available to buyers on a first-come, first-served basis and is applied in equal amounts over a period of three taxable years.”
 
At that time most people believed that it would be the same as  IRS Credit for first time home owner.
 
I bought my first home and closed escrow account on 05/19/2010.  My realtor as well as the escrow employees did not know about the 14 days limit to submit the application. No body told me about that until I visited FTB website on 06/07/2010. Even though, it was 5 days late, I faxed my application on that day. And my application was denied.
 
I believe it is unfair practice. It is unfair because it is not a first-come, first-served basis as the law said.  I submitted application and bought a house first, but my application was denied because 14 day limit. Whereas, other homeowners bought a house after me and submitted application after me, but their application were approved.
  
FTB should announce clearly and widely on radio, TV, not only on its website and should allow the time enough for the information reach the recipients.   
FTB should do more and clear because normal people may assume it is the same as IRS.  Moreover, two-week limitation is too short .

What do you think if the Right to speech have a limit “you cannot critize the government?” like Chinese communist?
 
If you visit this web site on 03/26/2010 you can see no info about 14 days limit law of FTB.
 

http://california.realestaterama.com/2010/03/26/governor-schwarzenegger-signs-10000-homebuyer-tax-credit-legislation-ID0583.html

FTB 14 days annoucement

http://www.ftb.ca.gov/individuals/new_home_credit.shtml?WT.mc_id=HP_Feature_HomeCredit_Hed

It definitely is a scam as a condition of approval for residency. Consequently, a Mobilehome cannot be resold 4 times, because the rent of space will be higher than the rent of an apartment/house.  At 10th re-sale the rent will be increased up to 259% based on the formula: rent *1.1 or rent * (1 + 10%).  In fact, the Park Owners steal the value of the mobilehome and commit unjust enrichment.  Park Owners do nothing, lose nothing, exchange nothing, service nothing but gain 10% unjustly for every month, year by year, increasing forever.

I believe that all of the Park Owners around the nation employ this unfair practice without regard to the U.S., States, and Local Government Law. Also It may be the case that the Park Owners act as the con artists to lure people.  You can see and understand the scam as well as its serious consequences on a real case at:   http://www.tranlich.com/mobilehome/

This is of State Wide significance, please investigate this matter and you will recognize this unfair practice. Change is needed to enforce the US Law, and to initiate action against these con artists on behalf of all US Citizens and consumer’s interests.

Highlights (www.tranlich.com/mobilehome/)

The higher the space rent the lower the value of the mobilehome. As the cost of space rent rise to $1100 per month, the mobile home cannot be resold. Over $1500 per month mobilehome owners will abandon their home and the park owner will acquire the house. Then the park owners can and will sell the mobilehome to a new owner with new lower rent of $700. Then the circle of unfair and unethical practice is repeated , this happens forever.

Park owners increase the rent on each sale/transfer up to 10%. It causes the rent to rise up to  259% for the 10th resale. In addition to increasing rent on the sale of the mobile home, the park owners increase rent annually by 5%. This annual increase is more benefit than lending a mortgage loan at 5%, 30 years fixed. Still, park owners do not lend a penny for this similar mortgage. And it is 30 years because the mobilehome owners will abandon their home sooner or later. To understand this evil scam, compare to the minimum payment by government or your salary increase based on inflation, or the price of the house increase in the market.

By restricting sublease, the California Mobilehome Resident Law kills the property right of the homeowners. This allows for the park owners to steal the value and in other words to rob mobile homes from innocent people. The law makers mistakenly treat the mobilehome owners as tenants who have no property, basically the same as if they were renting a apartment.

To run away from any potential punishment for this evil scam, park owners sell their park and this requires evictions to all of the mobilehome tenants, disregard  the Detrimental Reliance/Estoppel doctrine.

It is the injustice that American cannot tolerate.
 (www.tranlich.com/mobilehome/)