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Answers (6)
- Pamela Howell, "NWIN Realtor"
- Contributions:68
If you lived there 5 of the last 8 years and don't make over $75,000 as an individual then yes you would qualify.... if you can get a loan with the foreclosure so recent would be your big stumbling block.
In fairness though, I don't know your financial situation. For all anyone that answered this know, you lost it to foreclosure and came into money the very next day somehow.
In fairness though, I don't know your financial situation. For all anyone that answered this know, you lost it to foreclosure and came into money the very next day somehow.
- aecred
- Contributions:3
I know the tax credit is for new home owner!! I'm not STUPID!!!!!!!!
- aecred
- Contributions:3
We are trying to get a new house on land contract!
- wetdawgs
- Contributions:26830
If you lost a home to foreclosure recently, you would not qualify for a mortgage for several years. You would meet the criteria of living in the home for 5 of the 8 years.
- Connie Wildasinn, "Connie Wildasin"
- Contributions:1178
are you serious? geez
- Michael Emery, "MikeEmery"
- Contributions:7298
You are wondering whether you qualify for the tax credit because you lost your home?
No. The tax credit is for folks buying a new home.
And if you have lost a home to foreclosure it's unlikely you will be able to buy a new home for at least two years.
No. The tax credit is for folks buying a new home.
And if you have lost a home to foreclosure it's unlikely you will be able to buy a new home for at least two years.
I was wondering we recently lost our home we lived in for 10 years to forclosure.
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