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How do I get the 8000.00 tax credit if i am have the owner finace the home for me?

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July 01 2009 - Midwest City
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Here's the direct quote from the IRS.

Q. Does a taxpayer qualify for the first-time homebuyer credit upon the signing of a contract for deed, since normally the deeds are signed and executed but held in  escrow until the provisions of the contract have been met?
    A. Generally, no. A taxpayer is not eligible for the first-time homebuyer credit unless there is a completed sale. Under the facts presented, the contract for deed may not be a completed sale because all of the provisions of the contract have not been met.  However, the determination of whether there is a completed sale would depend on the facts and circumstance of the particular case and perhaps state law. (New 06/12/09)
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July 01 2009
 
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How do I get the 8000.00 tax credit if i am have the owner finace the home for me?
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