Posted on: 23rd Aug, 2009 04:25 pm
My divorce was final in 2007. Separated in late 2006. Early in 2006 I lived in a home that was owned by ex husband (husband at the time). I had no vested interest in the house, it remained his after the divorce. Am I a first time home buyer?
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Need help choosing the right loan? Get free consultation from community lenders/consultant
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Mlk,
Welcome to the froum
$8000 tax Credit:
These are the guidign rules for $8000/- tax credit.
- The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
-The tax credit does not have to be repaid, if you stay in the house for atleast 3 years.
-The tax credit is equal to 10 percent of the home purchase price up to a maximum of $8,000.
-The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
-Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
-For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse
- Cannot purchase a home from your ancestors (parents, grandparents, etc.), your lineal descendants (children, grandchildren, etc.) or your spouse
Good luck and feel free to ask
Welcome to the froum
$8000 tax Credit:
These are the guidign rules for $8000/- tax credit.
- The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
-The tax credit does not have to be repaid, if you stay in the house for atleast 3 years.
-The tax credit is equal to 10 percent of the home purchase price up to a maximum of $8,000.
-The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
-Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
-For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse
- Cannot purchase a home from your ancestors (parents, grandparents, etc.), your lineal descendants (children, grandchildren, etc.) or your spouse
Good luck and feel free to ask
I Can help with your mortgage!
I would love to help. Email me, and let's discuss!
MSmith@PrecisionFundingUSA.com
M
I am on line now!
I would love to help. Email me, and let's discuss!
MSmith@PrecisionFundingUSA.com
M
I am on line now!
You back dude
I thought you disappeared
I thought you disappeared