Time Is Running Out For Buyers To Reserve Up To $18,000 In Tax Credits At Blossom Grove At The Foothills In Carlsbad

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First-time buyers who purchase a brand new home at Blossom Grove at The Foothills in Carlsbad by April 30, 2010 and who close escrow between May 1 and June 30, 2010 may be eligible to get tax credits up to $18,000.

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There is big news for California homebuyers, but they must act fast! First-time buyers who purchase a brand new home at Blossom Grove at The Foothills in Carlsbad by April 30, 2010 and who close escrow between May 1 and June 30, 2010 may be eligible to get tax credits up to $18,000. The April 30th deadline is almost here and qualified buyers who want to take advantage of these limited time State and Federal Tax Credits* should visit http://www.30homes30days.com immediately to view the Blossom Grove homesites that can make the deadlines for the tax credits up to $18,000, including Homesite #291. Every minute counts, so act now and reserve your tax credits before someone else does!

"We are ready to help qualified homebuyers plan their futures at Blossom Grove, but they need to purchase soon, before they miss the tax credit deadlines," said Lesley Pennington, Director of Sales for William Lyon Homes. "The neighborhood's Residence Two, Homesite #291 that is part of our 30 Homes 30 Days Sale, is a great choice for families who want a spacious two-story design with plenty of growing room. Priced at $624,990, this move-in ready Blossom Grove home has four bedrooms, which includes a downstairs bedroom next to a full bathroom, three bathrooms and a two-car garage with storage. Offering approximately 2,806 square feet, beautiful first floor interiors showcase a gourmet kitchen that flows into a great room with fireplace and an inviting morning room that leads to a private porch. Upstairs, families will enjoy a bonus room ideal for watching their favorite movies, a convenient laundry room and an elegant master bedroom with large walk-in closet and luxurious bathroom."

"There are thousands of great reasons to purchase at Blossom Grove. With FHA** financing that requires only 3.5% down and tax credits that can help make your dream of homeownership come true in 2010, act now to take advantage of this opportunity of a lifetime," Pennington added.

Located just three miles from the beach in a scenic foothill location along Cannon Road, east of El Camino Real, with access to the well-regarded Carlsbad Unified School District and a recreation-rich master plan, Blossom Grove has it all in one beautiful setting.

One- and two-story floorplans range from approximately 1,992 to 2,840 square feet, with three to five bedrooms, great rooms, two to three bathrooms, two-car garages and two-car garages plus storage. Open kitchens, bonus rooms and courtyards highlight individual residences.

Blossom Grove homeowners will have access to a variety of private resort-style amenities, parks and trails. The Foothills Recreation Center is planned to include a swimming pool, barbecue/picnic area, paddle tennis courts and a yoga exercise circle.

The City of Carlsbad has plans for a new proposed 13.5-acre community park. Located across the street from The Foothills, the Carlsbad Unified School District plans to break ground this year on a new high school campus that is proposed to open in fall of 2013.

A 3% Broker Referral Fee is offered at Blossom Grove. Brokers must bring their client on their first visit to register. Broker Referral Fee to be paid at the close of escrow.

*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 http://www.federalhousingtaxcredit.com and http://www.ftb.ca.gov/ for complete details.

**FHA program guidelines and loan limits are subject to change. All loans subject to credit approval; restrictions may apply. Down payment, payment terms and rates vary based on market conditions and qualifying requirements.

To visit Blossom Grove, travel the I-5 and exit on Cannon Road east. Pass El Camino
Real, turn left on Hilltop Street into The Foothills community and follow the signs. The Sales Gallery and Models are open daily from 10 a.m. to 6 p.m. For more information, call 888-810-3017 or visit http://www.lyonblossomgrove.com.

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.

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Cherlyn Brown
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