Comments on: What Every Florida Home Buyer Needs to Know About the $8000 First Time Home Buyer Tax Credit

By: Buddy

Buddy — Fri, 02 Jul 2010 20:02:31 +0000

If you settle on a home this month, do you have to wait until the end of the year to apply for the new home buyer rebate, or can you file an amend 2009 tax return?

By: Kevin Sandridge

Kevin Sandridge — Mon, 07 Sep 2009 11:53:13 +0000

Michelle – by my calculations, you have just under 2 1/2 months to sign a contract on a house and still get in under the December 1, 2009 Deadline. NOTE: Your home purchase must close on or before December 1 for you to claim this credit.

By: Michelle

Michelle — Mon, 07 Sep 2009 01:14:30 +0000

I just have a question in regards to the tax credit . Is it to late for me to apply for it . I am a first time home buyer and we are really looking foward into buying a house.

By: Kevin Sandridge

Kevin Sandridge — Tue, 25 Aug 2009 03:37:41 +0000

Hey Greg – well, the IRS does require you to stay in the home for 3 years or risk paying the money back. If you default before this time period, my guess is yes – you’ll have to repay the credit. However, consult your tax professional to confirm this.

By: Greg

Greg — Tue, 25 Aug 2009 03:11:42 +0000

Hi,
What happens if someone buys a home, get the credit, then defaults on the loan? Do they have to pay the credit back?

By: Gel

Gel — Mon, 10 Aug 2009 16:09:00 +0000

Hello and thanks,

I’d like to know if I can get that tax credit in advance and use for the down payment and where or how can I get it?

Thanks.

By: Pending Home Sales Surge Forward in Fort Myers Real Estate | Florida Mortgage Blogger

Wed, 03 Jun 2009 05:53:17 +0000

[...] Yun, the Realtor’s chief adviser attributes the surge to the $8,000 tax credit that first time home buyers can anticipate receiving if they purchase their new home by the end of [...]

By: Kevin Sandridge

Kevin Sandridge — Thu, 28 May 2009 04:55:52 +0000

As long as you fall within the income limitations and have not owned a home within the past 3 years – you should received the full $8,000. It’s a credit, so if you have $2000 coming back to you, you’ll get $10,000. If you owe $2000, you’ll get $6000 back.

By: home buyer credit

home buyer credit — Thu, 28 May 2009 04:26:06 +0000

How much do you ACTUALLY receive of the new home buyer credit? How much of the new home buyer tax credit will I actually receive after its taxed. My first home will be way over 80,000 dollars so I expect to receive the full 8 grand up front in January. Last blog post from home buyer credit... Owning a home might take time, but it’s well worth the wait

By: Orlando FHA Home Buyers May See Tax Credit Loan Option Soon | Orlando Florida Mortgage

Wed, 20 May 2009 17:58:40 +0000

[...] saw a lot of activity last week about Orlando home buyers potentially being able to use their First-time home buyer tax credit to help fund Orlando FHA downpayment and closing costs. I do believe that the government will [...]