Look at this amazing piece of land and now you know you can use the tax credit to buy it! MLS # 9004225 12346 Shadow Brook , Auburn, Ca 95602
Via
Missy Caulk-Ann Arbor- Realtor(R)- Ann Arbor Real Estate (Keller Williams-Ann Arbor):
In May, I wrote a post on the use of Land Contracts in Michigan being acceptable for claiming the $8000.00 tax credit. In the course of writing that post I was contacted by Ed Sackley, a Representative for U. S. Congressman Fred Upton.(US Michigan 6th District)
The opinion was written by Greg McClelland, Michigan Association of Realtors (MAR)legal counsel. I sent the opinion off to him.
They took it a step further and contacted the U. S. Dept. of the Treasury to confirm that this was indeed true. Ed was kind enough to forward me the letter and said I could inform my blogging buddies.
In my post because the legal opionion was so lengthy I asked people to email me if they wanted me to send it. WOW the response was unexpected. In sending it out to over 50 people who read my blog, I always told them this is based on Michigan Law and Statutes. I am not an attorney and you need to check with an attorney in your particular state.
I am posting the letter here, and recommending the same thing. Michigan law may not apply to your state in dealing with land contracts. However, here is the law from the IRS concerning the up to $8000.00 tax credit being used for 1st time homebuyers when purchasing via land contracts.
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Missy Caulk & Team can be reached at 734-216-2822 or email: Missy@MissyCaulk.com
Our TEAM of 6 buyer associates are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.
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