At an office meeting this morning we were informed of an update to the $7500 First Time Homebuyer Tax. It seems that anyone who purchases a home in 2009 and is a first time homebuyer or has not owned a property in 3 years is eligible for the money.
The update is that this money does NOT have to be paid back.
Sounds too good to be true!
I "Googled" it and only had info from the original announcement last year. I did find this awesome post from last August (2008) by R Bolton 7500 Tax Credit FAQ that explains a lot about the program.
Can anyone shed light on the details of this new amended tax credit?