first time home buyer - owner loan » Paying Taxes http://firsttimehomebuyer.info blog for first time home buyers Wed, 23 May 2012 18:05:56 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 First time home buyer tax credit and Owner Financing? http://firsttimehomebuyer.info/credit/first-time-home-buyer-tax-credit-and-owner-financing/ http://firsttimehomebuyer.info/credit/first-time-home-buyer-tax-credit-and-owner-financing/#comments Mon, 18 Jan 2010 02:13:51 +0000 admin http://firsttimehomebuyer.info/credit/first-time-home-buyer-tax-credit-and-owner-financing/
~~LaLaLa~~~ asked:


We are buying a home for the first time but we are owner financing it. This home is his grandmother’s home and we are actively in the process of setting up the owner financing with her and the bank. Since we aren’t borrowing money from the bank but paying to his grandmother and the house will still be in our name and we will be paying taxes on it, are we still eligble for the first time home buyer credit signed yesterday as long as the process is completed by the end of the year?

Sarah
]]> http://firsttimehomebuyer.info/credit/first-time-home-buyer-tax-credit-and-owner-financing/feed/ 1