I have written about this before but I wanted to make sure everyone knows about this so here it is again.
If you buy a home betwen January 1 and November 30, 2009 you can get up to $8000 back from Uncle Sam. The government with give you 10% of the purchas price, up to $8000. Already filed your taxes for the year? With your HUD statement in hand return to the tax preperation person you used and they can file an ammended return, to get the money back right away.
What qualifies you for this money?
*This is for first time home owners. The definition they are using is anyone not owning a home in the last three years.
*You must own the home for three years. If you sell before the three years you will have to pay back some or all of the money.
*This is for primary residences only, you can not use it to buy investment properties, or a second home.
For more information on this credit go to the following link:
http://money.cnn.com/2009/02/13/real_estate/homebuyer_tax_credit_finalized/index.htm
Happy Home hunting!
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