By: Scarlett
Credit or no credit….Now, if only we would send the capitalist pigs that made the real estate market a derivative market go to prison…one can dream. And perhaps the taxpayers should be punished to some...
View ArticleBy: carolyn
I need help with my home, If I don’t find away to get 15,000 my home will be foreclosed. I got divorced and the economy got bad and I got behind on my mortgage. I’ve been in my home 18 yrs. This is...
View ArticleBy: Denise Brown
I think this is great! We just bought our home in June and it is nice to know that we have something to look forward to when we file next year.
View ArticleBy: John Moore
Yes, it is actually true. Read the earlier posts – all the details are already in those posts. It’s all there. There’s nothing more.
View ArticleBy: Ben
Lauren – There actually is no $15,000 credit anymore, the bill was not approved. An $8,000 credit was approced for 2009 homebuyers that does not have to be repaid. For the 2008 homebuyers, right now...
View ArticleBy: Lauren
We bought our first house at the end of April 2008, I know that i qualify for the $7,500 that we have to start paying back in 2 years $500 each year for 15…but can I qualify for more money? The $15,000...
View ArticleBy: Cindy Girl
Shawn: based on the info you gave, it appears that you may not have to pay it back (under current rules). I interpret it that you can’t sell it in the year you bought it and if you can demonstrate to...
View ArticleBy: John Moore
Mary, Please forgive me, I intended my previous post to be addressed to Mike. John
View ArticleBy: John Moore
Mary, And one of those powers specifically delegated to the Congress is the power to legislate taxes…which is exactly what they are doing. You’re working rather hard to avoid facts that don’t support...
View ArticleBy: tyler
to summarize the text- senate version is eliminated – they basically take the current law ($7,500 interest free loan) and make the following changes: For homes purchased by first time homeowners...
View ArticleBy: tyler
here’s the final versions: http://www.huffingtonpost.com/.....66604.html see section B for the homebuyers credit information
View ArticleBy: Ben
Does anyone have the text to the new housing stimulus wording (or have a link to a website with the final legistlation being considered)? Thanks
View ArticleBy: Robert
Tyler, thanks.. that’s what I assumed, but I am okay with that. When I took it, I originally assumed I would be paying it back, so no surprises there. I should be able to lower my mortgage interest...
View ArticleBy: tyler
Robert – the money you already received is yours – you WILL have to pay it back at $500 a year for 15 years starting two years from now. The new bill (as it stands)only takes the current law, and...
View ArticleBy: Robert
So .. is the $7500 credit that we have to pay back still in effect? I bought a home in August 08, and I took advantage of that interest free loan on this years tax return. The Fed’s have already put...
View ArticleBy: Mike
Ok, I’m done after this. I obviously didn’t expect to change anyone’s mind so there’s no point in going back and forth forever. Mary, The Constitutition is in place to specifically protect citizens...
View ArticleBy: John Moore
Call the IRS at 1 800 829-1040. I’m virtually sure that “the year” is 365 days after you settled on the current house. John
View Article
