Nate asked:
Just wondering if anyone knows if the first-time home buyer tax credit that’s being offered is good towards to purchase of a foreclosure or home purchased through a county tax sale? How would this work? Where can I find more information on the specifics of the tax credit?
Brent
Just wondering if anyone knows if the first-time home buyer tax credit that’s being offered is good towards to purchase of a foreclosure or home purchased through a county tax sale? How would this work? Where can I find more information on the specifics of the tax credit?
Brent
Charles
Comment by hks_sugar — April 9, 2009 @ 12:02 am
Cindy
Yes. Whether the house was foreclosed has no bearing on whether you qualify for the tax credit. Your income and previous home ownership are the key factors.
Comment by dustoff — April 10, 2009 @ 5:17 pm
Bruce
Yes it is good towards any home. It is 8K if the house cost 80K or more. You just need to fill out the form 5405 on your 2008 tax return. It is simple easy 1 page form you could do in your sleep, no need to hire anyone to help. If you already filed your 2008 tax return you can just amend it and get the refund right after you close. Go to and look up this form.
Comment by Me time — April 12, 2009 @ 6:10 am