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1,295 prisoners received $9.1 million in the first time homebuyer credits

By Michael Pond

Mortgage and Lending with Guaranteed Rate, Inc NMLS ID:108672 More Info.

June 24, 2010 06:24 PM

WOW! 1,295 prisoners, including 241 serving life sentences, received $9.1 million in the first time homebuyer credits, even though they were incarcerated at the time they reported that they bought their home. These prisoners didn't file joint returns, so their claims could not have been the result of purchases made with or by their spouses, the report said. What are they going to do - send them to jail!?!?!

http://www.usatoday.com/money/economy/housing/2010-06-23-home-buyers-credit-inmates_N.htm

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Ryan Smith

Allison James Estates & Homes - Temecula, CA

What a joke! That will buy a lot of cigarettes in the pen!

Jun 24, 2010 06:29 PM

Tim Lorenz

TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA

949 874-2247

This is why we do not need the government to handle anything. How, could they pay them?

Jun 24, 2010 06:43 PM

Bill Dean

Haggerty Team St. Louis, Mo. - Fenton, MO

William Dean - Broker, Salesperson

Hmm, I DO have an outstanding ticket I refuse to pay maybe I'll go to jail and then get some $$$$

Jun 24, 2010 06:47 PM

Bryan Watkins

LRA Real Estate Group - Mesa, AZ

Awesome post. that is such a laugh. good info. They can run companies and all kinds of businesses from inside the jail or prison.

Jun 24, 2010 07:25 PM

Craig Alexander

Coldwell Banker Premier - Front Royal, VA

Associate Broker in Virginia

Yet another reason something is going to have to change in our country and the way things are handled. If this had happened in any business...well, we all know what would happen to its employees. I feel quite certain that, as usual, this will get swept under the rug as well.

Jun 25, 2010 12:21 AM

Michael Pond

Guaranteed Rate, Inc - Charlotte, NC

The Michael Pond Team

Thanks for the comments everyone! I share your frustration! This is what happens when the government gets involved in our industry!

Jun 25, 2010 05:19 AM