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Im owner finacing a house do I still qualify for the 8000 dollar tax credit?

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July 17 2010 - Mount Vernon
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If you purchased this home within the credit period, then you will qualify. The transaction had to be COMPLETE. You cannot just pay the owner now and transfer title later. You must have complete legal right to the property and it must have been closed within the credit period.

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July 17 2010
Hi Charlee,
Sorry for the bad news, but, the credit has expired.  Wish it wasn't so!

Good luck.

Cheers,
Bill P

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July 17 2010
agreed with wetdawgs; april 30th contract will have to have a closing too... before Sept 30th.  Be sure you get a copy of hud1 and deed is recorded as you being the buyer and the owner is the lien holder .... cant just be an arrangement or agreement and remain in the selling owners name..

good luck.
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July 17 2010
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The type of financing does not affect eligibility.    Contract had to be signed before April 30.

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July 17 2010
 
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Im owner finacing a house do I still qualify for the 8000 dollar tax credit?
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