Zillow Advice: Buying Process - How do I get the 8000.00 tax credit if i am have the owner finace the home for me? http://www.zillow.com/advice-thread/How-do-I-get-the-8000-00-tax-credit-if-i-am-have-the-owner-finace-the-home-for-me/251975/ Zillow Advice | Zillow Real Estate Here's the direct quote from ... http://www.zillow.com/advice-thread/How-do-I-get-the-8000-00-tax-credit-if-i-am-have-the-owner-finace-the-home-for-me/251975/ <strong>Here's the direct quote from the IRS.<br/><br/>Q.&nbsp;Does a taxpayer qualify for the first-time homebuyer credit upon the signing of a contract for deed,&nbsp;since normally the deeds&nbsp;are signed and executed but held in&nbsp; escrow until the provisions of the contract have been met?</strong>&nbsp;&nbsp;&nbsp;&nbsp;A. Generally, no. A taxpayer is not eligible for the first-time homebuyer credit unless there is a completed sale.&nbsp;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.&nbsp; 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. (<em>New</em> <em>06/12/09</em>) Thu, 02 Jul 2009 02:51:00 GMT http://www.zillow.com/advice-thread/How-do-I-get-the-8000-00-tax-credit-if-i-am-have-the-owner-finace-the-home-for-me/251975/ 2009-07-02T02:51:00Z