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Old 7500 home credit?

Profile picture for projectmatt
Must the old loan stil be paid back? It sates the new law sun sets old law. I bought in 2008. I'm sure I ll have to repay.
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February 05 - Fort Wayne
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Profile picture for MikeEmery
Real Estate Agent
Contributions: 2474
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Since December 2008

The 8000 buyers credit is not a new piece of legislation, rather it  amends portions of the previous 7500 legislation. To my knowledge there's no amendment that makes the 8000 buyers credit retroactive. 
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February 25
Profile picture for SeattleHome.com
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View my 7 listings

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Since February 2009

Yes, you'll have to repay.  Only 2009 purchases don't have to repay.
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February 25
 

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