Real estate blog entries tagged with 8000 firsttime homebuyer tax credit by John Morrison - Boston area real estate - Exclusive Buyer's Agent, CBR (Buyer's Choice Realty)

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Home : Blogs : John Morrison - Boston area real estate - Exclusive Buyer's Agent, CBR : John Morrison - Boston area real estate - Everything you need to know about buying in Massachusetts : Tag "8000 firsttime homebuyer tax credit"

8000 firsttime homebuyer tax credit: Can I use the first-time homebuyer tax credit as part of my down payment? - 06/11/09 09:35 PM

The U.S. Department of Housing and Urban Development recently announced that eligible borrowers who intend to purchase an FHA-insured home may elect to 'monetize' the first-time homebuyer tax credit and apply those funds toward their down payment or closing costs. Previously, buyers could only receive the credit (up to $8000) by amending their 2008 income tax return or waiting until they file their 2009 return.
Read more about this new program:
HUD news release (opens as a Word document)
IRS tax credit answers
Hud Secretary's announcement of new plan
Here are a few of the rules involved (per HUD's letter) in … (1 comments)

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John Morrison - Boston area real estate - Exclusive Buyer's Agent, CBR

Ipswich, MA

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Buyer's Choice Realty

Address: 162 Main Street, Wenham, MA, 01984

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