Comments on: $8,000 First-Time Home Buyer Tax Credit

By: Dana Reyes

Dana Reyes — Wed, 30 Sep 2009 20:45:58 +0000

Does it matter if you owned a home in different state as your primary resident and sold it less than three years ago to quailify for the 8,000 tax credit for firt time buyers?

By: W.Wolfe

W.Wolfe — Fri, 21 Aug 2009 04:54:56 +0000

Mike says “THANK YOU PRESIDENT BUSH” what an idiot!!!! Five days before the 9/11 catastrophe Mr. BuckFush signed the P4P agreement with Canada , Mexico and the U.S. In that agreement he appropriated $400 billion to place 5 million mexican immigrants in homes by 2010. He also removed ALL regulations governing Wall st. , Banks and the Mortgage industry. It allowed Wall street to sell over 100 trillion in credit default swaps worldwide. Wall street and the Federal Reservew (Bush’s real boss’s) knew these were toxic and they were not insured and were guaranteed to explode, which they did. My Son has been trying to buy a home as a first time home buyer for 2.5 months and we have been beat out 13 times by cash buying investors. None of the banks want to modify loans or at least very damn few do because it’s easier to throw people out and then collect on their own default insurance for 70% of the money then make up the differance by selling the homes dirt cheap at an auction or a reduced price.Get over it….Obama is President and thats final!With everything that the NAZI Buckfush set in motion with the P4P agreement, the Revised Patriot act and his NSPD-51 in May of 2007 I really doubt if AMERICA as we have known it will even be around after mid 2010. So get ready WHINERS there are drastic changes coming!!!
Wolfman

By: Avery

Avery — Fri, 21 Aug 2009 01:07:31 +0000

That is so nice of the government,I wish government in our country will offer such good things to us.

By: Frank

Frank — Tue, 11 Aug 2009 14:47:29 +0000

As long as you have not purchased a home within the last three years you can qualify as a first time home buyer

By: JoAnn DeVall

JoAnn DeVall — Thu, 06 Aug 2009 14:14:13 +0000

I want to know if I can quaify for the first time homebuyers money this year. I purchased a home in 1997 and lost it due to a divorce settlement about 2007. I did not take any first time homebuyer loans on it and I took a loss on the whole operation. The home was sold, because of the divorce. Iseen some language on eceptions for reasons of divorce settlements. Does anyone know how that would play out? I moved out of state in 2005 and live there since then, for 3 years. I have not resided in that home since after I left. But it was still in my name until it was sold it 2007 April. Would I still be able to get the tax break, because I’m getting ready to buy a new home.

By: Leena

Leena — Wed, 24 Jun 2009 04:04:11 +0000

So I was just wondering: I usually get around $3000 back on my income tax… so when I buy a house, does that mean that I will get that PLUS the additional $8000 tax credit, which will equal around $11,000? Right? Am I right or wrong? Please let me know!! Thanks!!

By: Wes Wolfe

Wes Wolfe — Thu, 18 Jun 2009 15:41:34 +0000

I recently read in the paper that Obama had said the the tax credit could be used for closing costs or down payment. Is this true?

By: Colin

Colin — Mon, 18 May 2009 19:46:54 +0000

I want to know if I can quaify for the first time homebuyers money this year. I purchased a home 4 years ago and lost it due to a divorce settlement about 18 month ago. I did not take any first time homebuyer loans on it and I took a loss on the whole operation. I lost the home to my former spouse. I have seen some language on eceptions for reasons of divorce settlements. Does anyone know how that would play out? Over the past 3 years I only resided in that home for full time for one year and was living separate for a large portion of that time but the home was still in my name until she sold it last April.

Colin

By: Pam

Pam — Wed, 13 May 2009 15:10:05 +0000

Hello, can anyone tell me whether or not my husband who is purchasing a home in his name only would qualify for the 8000 tax credit?
I own a duplex and live in it currently and also rent out half…he is not on any loans or titles for that place. He has not owned anything in the last three years either. Confused, any info would be great. Thanks

By: Scott

Scott — Tue, 12 May 2009 01:43:03 +0000

Rick -
look into a gift of equity as a condition of the sale of the house. Then that becomes he down payment. Might need a prenup before you turn over everything to her but it gets you off as a co signer.

good luck