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  • All You Need to Know about the First-Time Homebuyer Tax Credit [View article]
    They will only help you if you are 5% underwater funny huh since most are way under 5%.

    For the second question answer is our great great great grandkids of course if they manage to pay all the other debts first.

    On May 22 08:39 AM CM in MA wrote:

    > I have one more question. I met the definition of a first time buyer
    > in 2003. After 20 years on active duty in the U.S. military, I put
    > down more than 20% on my home purchase, took out a conventional fixed-rate
    > mortgage, and now pre-pay my principal. My question is: where's my
    > tax credit or loan modification? Oh, and who is paying to provide
    > the $8000 credit? Sorry, that makes two questions.
    Jun 06 23:39 pm |Rating: 0 0 |Link to Comment
  • All You Need to Know about the First-Time Homebuyer Tax Credit [View article]
    Yes you are considered a first time home buyer if you have not owned in the last THREE years.

    Ref: IRS website


    On May 23 11:03 AM 2houndz wrote:

    > Thanks for the short and sweet update.
    >
    > I have owned many homes over the years, but sold my last house in
    > November 2007. Do I, or will I qualify as first time buyer after
    > a certain period of time of not owning? Thanks.
    Jun 06 23:36 pm |Rating: 0 0 |Link to Comment
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