Home Buying in Sunland Park>Question Details

Omar, Renter in Sunland Park, NM

If we had a house on foreclosure about 8yrs ago do we qualify for any goverment tax credit?

Asked by Omar, Sunland Park, NM Wed Mar 30, 2011

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Elizabeth Russo’s answer
I think you're going to have to explain maybe where you heard that you'd get a tax credit for something that happened over 8 years ago? A lot of the time it takes 5-7 years to buy a new home because this is how long it takes for the foreclosure to drop off of your credit enough to buy another home. The IRS also doesn't take fresh looks at your credit after 7 years. I hope you find what the answer you're looking for!
1 vote Thank Flag Link Wed Mar 30, 2011
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