The IRS has published an informational hand-out on the first-time homebuyers credit. This doc states the qualifications and timelines in an easy-to-understand piece. Check it out here: Important Information About The First-Time Homebuyer Credit
Guy JohnsonA successful prior business owner, Guy brings to the table twenty-plus years of exceeding client expectations. “Listening closely to my clients is the most important step to meeting their needs,” he says. A former Chicagoan, Guy earned his MBA from the University of Illinois.
JoAnn CorrieraJoAnn Corriera is one of Reno’s top-producing real estate agents. She credits her take-charge, pioneering spirit and determination to deliver the positive solutions clients are looking for. JoAnn offers the market expertise and marketing skills that generate top results whether clients are buying or selling.
Mike McGonagleAn architect, business owner, and compulsive public records hacker, Mike reads the tea leaves of the local real estate market from a unique perspective. Yet another Chicagoan, Mike earned his MArch from Harvard University.
4 comments
I qualify for the $6,500 tax credit, so I cannot complain too loudly.
I do wish the I.R.S. would note the difference between a owner-occupied trailer, parked in a rental lot, at a RV park, where the trailer owner pays no property tax, and a owner-occupied trailer, on the owner’s privately owned lot, or property, where the owner pays property tax.
It seems the specific requirement for the $8,000 tax credit, is the trailer, house-boat, etc, has been used as the “primary residence”.
pretty sure I qualify for the $6,500 tax credit as well. The only thing that sucks is you can’t file your taxes online if you claim it.
AAA
After my foreclosure is 3 years old, I’ll qualify for the $8,000 tax credit.
Trouble is, with a foreclosure on my credit record, I won’t be able to get a mortgage loan at less than 12%.
No thanks.