1. If you have not owned a home in 3 years, you are automatically retitled a "first time home-buyer". So if you have been living with friends or family or travelling or even homeless....you may qualify for that tax credit----but here is a possible better solution.
2. An unmarried couple, both "first time home buyers" want to buy a home. Party 1 qualifies alone. Party 1 buys the home and an hour later sells half to party 2. They may both qualify for the full $8000 each or $16000. What a deal. Both parties must have the advice of an attorney--call and ask for a referral to an attorney or agent in your area.
My name is Mary Zentz. I am a Realtor selling homes in Chicago's Northwest suburbs. When you need a Realtor to make things happen for you....Give me a call. Mary Zentz RE/MAX Suburban 847-707-9507 Arlington Heights, Palatine, Schaumburg, Hoffman Estates and 17 other NW suburbs of Chicago. "I am always thinking outside the box so you don't have to."
Unmarried couples, friends buying a home, gay couples, same sex couples, partners, lesbians, and gays are good candidates for this option...again advice of an attorney is critical
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