Comments on: Home Buyer Tax Credit Information http://www.phoenixrealestateguy.com/home-buyer-tax-credit-information/ Phoenix Real Estate -- Anything and everything about it. Plus random musings... Now with Phoenix area MLS Listings Search! Sat, 21 Nov 2009 05:34:24 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Real Estate Marketing http://www.phoenixrealestateguy.com/home-buyer-tax-credit-information/#comment-59559 Real Estate Marketing Sat, 11 Jul 2009 08:21:14 +0000 http://www.phoenixrealestateguy.com/?p=1929#comment-59559 Many realtors and business establishment were engaged in financial issues, they tend to get big loans in order for their business to survive in this time of depression. Many realtors and business establishment were engaged in financial issues, they tend to get big loans in order for their business to survive in this time of depression.

]]> By: Real Estate Marketing http://www.phoenixrealestateguy.com/home-buyer-tax-credit-information/#comment-57841 Real Estate Marketing Sat, 11 Jul 2009 06:21:14 +0000 http://www.phoenixrealestateguy.com/?p=1929#comment-57841 Many realtors and business establishment were engaged in financial issues, they tend to get big loans in order for their business to survive in this time of depression. Many realtors and business establishment were engaged in financial issues, they tend to get big loans in order for their business to survive in this time of depression.

]]> By: Real Estate Marketing http://www.phoenixrealestateguy.com/home-buyer-tax-credit-information/#comment-59099 Real Estate Marketing Sat, 11 Jul 2009 06:21:14 +0000 http://www.phoenixrealestateguy.com/?p=1929#comment-59099 Many realtors and business establishment were engaged in financial issues, they tend to get big loans in order for their business to survive in this time of depression. Many realtors and business establishment were engaged in financial issues, they tend to get big loans in order for their business to survive in this time of depression.

]]> By: Daneil McCain@Dubai Property http://www.phoenixrealestateguy.com/home-buyer-tax-credit-information/#comment-57700 Daneil McCain@Dubai Property Wed, 08 Jul 2009 05:59:48 +0000 http://www.phoenixrealestateguy.com/?p=1929#comment-57700 The tax payer money need to be spent on the well being of common American and should not be wasted to bail out the institutions responsible for the present economic crisis. I hope that the bill will help to protect the interest of a common American. The tax payer money need to be spent on the well being of common American and should not be wasted to bail out the institutions responsible for the present economic crisis. I hope that the bill will help to protect the interest of a common American.

]]> By: Bravo@Affordable Health Insurance Plans http://www.phoenixrealestateguy.com/home-buyer-tax-credit-information/#comment-57561 Bravo@Affordable Health Insurance Plans Sun, 05 Jul 2009 18:19:42 +0000 http://www.phoenixrealestateguy.com/?p=1929#comment-57561 The home buyer credit is nice, and i know people personally who only is buying a home because the program exist. Between this and that cash for clunkers program, there should be alot of spending going on...lol. The home buyer credit is nice, and i know people personally who only is buying a home because the program exist. Between this and that cash for clunkers program, there should be alot of spending going on…lol.

]]> By: Tim Epps http://www.phoenixrealestateguy.com/home-buyer-tax-credit-information/#comment-57287 Tim Epps Tue, 30 Jun 2009 17:16:41 +0000 http://www.phoenixrealestateguy.com/?p=1929#comment-57287 Myles, As long as this is your primary residence and the cosignor is on the note only and not on title, you should be able to receive the credit. If the cosignor is a spouse, you will not if they have owned a home in the last 3 years. This credit is not related to how you finance the purchase - only to the manner in which title is held. Of course, with any tax related question, please consult your tax advisor. Some sample scenarios are also on the IRS website at http://www.irs.gov/newsroom/article/0,,id=206294,00.html . Your situation may be very close to scenario S2. Good luck with your purchase! Tim *<em>*<em>Tim Epps´s last blog post..<a href="http://tulsasmortgagelender.blogspot.com/2009/06/8000-first-time-home-buyer-tax-credit.html">$8000 First Time Home Buyer Tax Credit for FHA Down Payment? NO (and maybe)</a></em></abbr></abbr></em> Myles,
As long as this is your primary residence and the cosignor is on the note only and not on title, you should be able to receive the credit. If the cosignor is a spouse, you will not if they have owned a home in the last 3 years. This credit is not related to how you finance the purchase – only to the manner in which title is held.
Of course, with any tax related question, please consult your tax advisor. Some sample scenarios are also on the IRS website at http://www.irs.gov/newsroom/article/0,,id=206294,00.html . Your situation may be very close to scenario S2.
Good luck with your purchase!
Tim

**Tim Epps´s last blog post..$8000 First Time Home Buyer Tax Credit for FHA Down Payment? NO (and maybe)

]]> By: Myles http://www.phoenixrealestateguy.com/home-buyer-tax-credit-information/#comment-57286 Myles Tue, 30 Jun 2009 16:57:57 +0000 http://www.phoenixrealestateguy.com/?p=1929#comment-57286 So if I have a cosigner on the home and the cosigner has owned a home. Does that rule me out for the tax credit? I have not owned a home before. So if I have a cosigner on the home and the cosigner has owned a home. Does that rule me out for the tax credit? I have not owned a home before.

]]> By: James@Arthritis http://www.phoenixrealestateguy.com/home-buyer-tax-credit-information/#comment-57007 James@Arthritis Tue, 23 Jun 2009 02:27:46 +0000 http://www.phoenixrealestateguy.com/?p=1929#comment-57007 There's only a difference of $500 from $7500 to $8000 and it's hardly significant. There’s only a difference of $500 from $7500 to $8000 and it’s hardly significant.

]]> By: Edmund@Seo Singapore http://www.phoenixrealestateguy.com/home-buyer-tax-credit-information/#comment-56911 Edmund@Seo Singapore Sun, 21 Jun 2009 08:13:05 +0000 http://www.phoenixrealestateguy.com/?p=1929#comment-56911 It seems that despite the bailout, only the banks are the beneficiaries and not the people. It seems that despite the bailout, only the banks are the beneficiaries and not the people.

]]> By: Jay Thompson http://www.phoenixrealestateguy.com/home-buyer-tax-credit-information/#comment-56481 Jay Thompson Fri, 12 Jun 2009 22:25:55 +0000 http://www.phoenixrealestateguy.com/?p=1929#comment-56481 Toronto - what do feel needs to be revised? This post contains all the <i>current</i> info on the first time homebuyer tax credit. If I've missed something, please let me know as the last thing I want to do is misdirect anyone. Toronto – what do feel needs to be revised? This post contains all the current info on the first time homebuyer tax credit. If I’ve missed something, please let me know as the last thing I want to do is misdirect anyone.

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