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owner finiancing

Posted on: 27th Oct, 2009 11:59 pm
I'm trying to buy a home for sale by owner for 78,000 with 20,000 down. They would like for the loan term to be 12 years at 10%. Will I still be eligble for the first time home buyer tax rebate. What type of paperwork needs to be done for this purchase to be completly legal.
Hi tglancy,

A query similar to yours has been answered in the given page:
http://www.mortgagefit.com/ownerfinancing/qualify-taxcredit.html

Please take a look at it. I hope it'll help you.

Take care.
Posted on: 28th Oct, 2009 02:00 am
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