What are my options? Trying to sell home.Details of our situation...Married in 2008 - filing taxes jointly sincePurchased our first home in 2008Home is in my name ONLY, wife is not on the mortgage.Received FIRST TIME HOMEBUYERS CREDIT ($7,500) -- This is the credit that has to be re-payed $500 for the next 15 years. This happened a month before they changed the law to "stay in home for 3 years, no repayment" We have been making payments for 2 years on that repayment, it is split in our file because it is jointly. $3,250 a piece left.We currently have our house on the market, which has been on the market for 5 months. We have had a few lookers, no offers, and no sign of movement.We are desperate to move on building our new home, but have since found out that if we move out of our current home, then the IRS will make us make the $6,500 payment in FULL that tax year. Which is something we aren't in a position to do. We recently went through a breaking on the home, and are both teachers, which lends our house to the usual vandalism. Again desperate to get out of our home, as soon as possible.If the new home is just in my wifes name, which it will be, can I continue to try and sell this home, without the IRS requirement to pay the 6500 in full. Anyone who has had a similar situation would be greatly appreciated.July 22 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.