Comments on: $6,500 Home Buyer Tax Credit

By: Jessica

Jessica — Thu, 08 Dec 2011 16:10:17 +0000

I purchased my home in 2005 but as of 2008 my mortage company was in a lawsuit,now my house went in forclosure in the same year what tax credit can I get if any.

By: T Louk

T Louk — Tue, 01 Feb 2011 16:08:27 +0000

We owned a home for 21 years, sold it 7/31/05 and bought another 8/1/05 when transferred. We lived in that house until 10/31/08. We bought a new house 1/12/10. Since we lived in and owned a home for the past 24 years, do we qualify for the $6500 new home credit even if the owned home wasn’t the same address?

By: Vivian

Vivian — Thu, 24 Jun 2010 02:21:50 +0000

I too bought in 20005 when mortgage companies falsely inflated the market by lending too much to anybody. They got bailed out. Now being relocated, I have to lose around $100,000 but they credit is for those who bought before this time, can sell low and still make a profit. This only contributes to bringing the market further down.

By: Elle

Elle — Tue, 11 May 2010 20:57:13 +0000

I have a question –
We owned our previous home for about 45 days shy of 5 years. We owned our home prior to that one for 4 years. Both homes were primary residences.
The $6500 tax credit restrictions say you had to have owned and lived in your primary residence for 5 of the last 8 years. So does it have to be the same home, or can it be split between 2 homes?
We just bought a new house and would qualify for the credit as long as it didn’t have to be the same home for 5 years (banging my head for not delaying our sale of the last home by 45 days!).

By: Pat Muffoletto

Pat Muffoletto — Mon, 12 Apr 2010 19:43:34 +0000

I purchased my first home in 2008 and was told I can get a $6,500. interest free pay back in 15 years loan. The following year the government offered an $8,000.00 first time home buyer, no interest, no pay back credit. Is the no payback going to apply to 2008 first time home buyers who have to fix the bathroom the kitchen and other odds and ends inside and out with a limited income?

By: Jay

Jay — Sat, 10 Apr 2010 17:40:06 +0000

We sold our home in 2008 and started leasing. Are we eligible? It has been not quite two years.

By: Judy Huebner

Judy Huebner — Mon, 05 Apr 2010 16:22:16 +0000

i should have added
if i don’t sell it or get an offer by April 30th and close by June 30th

By: Judy Huebner

Judy Huebner — Mon, 05 Apr 2010 16:21:28 +0000

what if i put my home on the market and i buy another home but my home doesn’t sell
can i still buy the new home, get the tax credit if i haven’t sold my primary home

By: mari

mari — Fri, 19 Mar 2010 04:18:30 +0000

Do you have to have lived in the same house for 5 years? or been a constant homeowner for 5 years? We sold and bought a new house in 2006,

By: Erik

Erik — Sun, 14 Mar 2010 17:56:22 +0000

We sold a home and purchased a new one on 10/28/09, just 8 days before the 11/6/09 change for move-up home buyers. Is there anyway to request an exception? If we had known in October about the pending change, we would have delayed closing until after 11/6!