If my dad owns a home and helps me buy my first home do I qualify for the first time home buyer tax credit?

January 7th, 2010 by admin


First time home buyers who qualify can receive up to $8,000 if they purchase a home prior to April 30, 2010 or are under contract to purchase a home by the April date and then close by June 30, 2010.
 
 
If a parent already owns a home but cosigns on a loan for their son or [...]

Can I receive the first time home buyer tax credit if I buy a short sale?

January 5th, 2010 by admin


Houses being sold as a short sale make up a significant portion of listing inventories across the country.  Buyers want to know if they can still receive the first time home buyer tax credit if they buy a short sale.
 
The answer is yes as long as the house is a detached or attached home, condo or [...]

If you have been renting for the past 3 years you could receive $8,000 if you buy in 2010

January 2nd, 2010 by admin


If you have been renting for the past 3 years you could receive $8,000 if you buy before April 30, 2010.  First time home buyers that qualify are eligible to receive up to $8,000 simply by purchasing a home this year.
 
Renters who are tired of their living arrangements and would like to own their very [...]

Tax credit for buying a home scheduled to end.

December 23rd, 2009 by admin


The first time homebuyer and the long-time resident tax credit is schedule to end on April 30, 2010.  Anyone not under contract to buy a house by this date will not be eligible for the up to $8,000 tax credit.  As long as a buyer is under contract by the April 30th date they will [...]

Colorado offers a way to take advantage of tax credit money upfront for qualified home buyers

April 24th, 2009 by admin


Colorado is offering  a way to take advantage of tax credit money for closing costs and pre-paids to qualified home buyers.  The Colorado Housing and Finance Authority will allow home buyers to leverage the future benefit of the federal tax credit now for buying a home.
 
For detailed information visit the Colorado Housing and Finance Authority fact [...]