Is the 80K for first time owners or first time buyers? If a home had been deeded to an individual as part of
a farm property is that the same as buying a home?
Answers (2)
Yes you now own a property /home however loan officer or CPA can determine if you qualify for $8K tax credit difficult determine without all facts reviewed.
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FIRST ANSWER
Are you referring to the $8000 tax credit? A home that has been deeded would not qualify.
It is capped at 10% of the purchase price. no money changed hands, right?
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