Great news! The IRS has specifically answered "YES" to this question. It seemed pretty straight forward that owner financed transactions involving a deed to the buyer and a note and mortgage (or deed of trust) back to the seller would let qualified buyers take the First Time $8,000 Homebuyer Credit. However, some wondered if … [Read more...] about Does Seller Financing Qualify for the $8,000 First Time Homebuyer Tax Credit?
8000 First Time Home Buyers Tax Credit
The government is offering first time home buyers an $8,000 tax credit in an effort to stimulate the ailing real estate market. Sellers can attract buyers by highlighting the refund in their ads, especially when used in conjunction with owner financing. … [Read more...] about Using Owner Financing with the $8,000 First Time Home Buyers Tax Credit