Home Selling in Normal>Question Details

Mildred, Other/Just Looking in Chicago, IL

Can I use that $8,000 for closing and downpayment? I am a first-time home buyer/

Asked by Mildred, Chicago, IL Fri Jun 12, 2009

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3
The previous answer is correct, but, as I understand the current situation, you can file an amended 2008 tax form and get the IRS to get you the $8,000 45-60 days after you purchase and close on your new home. Give me a call or email and I can direct you to someone who can help explain your options and how to go about it.

Greg Zavitz
Coldwell Banker HOA
309-275-4734
greg@zavitz.com
Web Reference: http://www.gregzavitz.com
0 votes Thank Flag Link Mon Jun 15, 2009
My understanding from information provided by larealtors.org is that this has been approved in only 10 states so far,and illinois is not one of them.
0 votes Thank Flag Link Fri Jun 12, 2009
Mildred,

Most "first time buyer" program questions can be clarified by referring to the following website:

http://www.federalhousingtaxcredit.com

good luck
0 votes Thank Flag Link Fri Jun 12, 2009
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