http://wilkasgroup.com/2009/05/15/using-your-8000-tax-credit-for-your-fha-down-payment/ Burlingame-Hillsborough-San Mateo & Foster City Real Estate News Wed, 08 Sep 2010 00:10:48 -0800 http://wordpress.org/?v=2.8.4 hourly 1 http://wilkasgroup.com/2009/05/15/using-your-8000-tax-credit-for-your-fha-down-payment/comment-page-1/#comment-6777 Fidel Schlaffer Thu, 18 Mar 2010 17:33:57 +0000 http://wilkasgroup.com/?p=1685#comment-6777 Thanks for posting this, It's just what I was looking for on yahoo. I'd much rather hear opinions from an individual, rather than a corporate site, that's why I like blogs so much. Thanks! Thanks for posting this, It’s just what I was looking for on yahoo. I’d much rather hear opinions from an individual, rather than a corporate site, that’s why I like blogs so much. Thanks!

]]> http://wilkasgroup.com/2009/05/15/using-your-8000-tax-credit-for-your-fha-down-payment/comment-page-1/#comment-3634 Lenore Wilkas Mon, 23 Nov 2009 17:54:31 +0000 http://wilkasgroup.com/?p=1685#comment-3634 It's a noble idea that unfortunately went no where. There are no lenders that I am aware of that picked up on this idea of a bridge loan to allow for the credit's use as a downpayment. And, that was very short sited on their part, in my opinion. It’s a noble idea that unfortunately went no where. There are no lenders that I am aware of that picked up on this idea of a bridge loan to allow for the credit’s use as a downpayment. And, that was very short sited on their part, in my opinion.

]]> http://wilkasgroup.com/2009/05/15/using-your-8000-tax-credit-for-your-fha-down-payment/comment-page-1/#comment-3612 Business Tax Guru Mon, 23 Nov 2009 03:53:37 +0000 http://wilkasgroup.com/?p=1685#comment-3612 I've been interested in taxations for longer then I care to admit, both on the individual side (all my working lifetime!!) and from a legal point of view since satisfying the bar and following tax law. I've rendered a lot of advice and redressed a lot of wrongs, and I must say that what you've put up makes perfect sense. Please continue the good work - the more people know the better they'll be outfitted to handle with the tax man, and that's what it's all about. I’ve been interested in taxations for longer then I care to admit, both on the individual side (all my working lifetime!!) and from a legal point of view since satisfying the bar and following tax law. I’ve rendered a lot of advice and redressed a lot of wrongs, and I must say that what you’ve put up makes perfect sense. Please continue the good work – the more people know the better they’ll be outfitted to handle with the tax man, and that’s what it’s all about.

]]> http://wilkasgroup.com/2009/05/15/using-your-8000-tax-credit-for-your-fha-down-payment/comment-page-1/#comment-693 craig@findahomeinutah.com Tue, 02 Jun 2009 17:35:38 +0000 http://wilkasgroup.com/?p=1685#comment-693 GOOD NEWS/BAD NEWS This announcement was great news. Unfortunately it was short lived. FHA backed out on May 14. I tried to get a Buyer qualified on May 15th and was turned down. FHA cannot be depended upon to accept the $8000 as a down payment. You can however get a "gift" from a relative or employer for the down payment and then pay them back by amending your 2008 tax return and receiving the $8000 within a couple of months or so. Remember, the $8000 incentive disappears December 1st 2009. Craig Bruner Broker CRS GRI GOOD NEWS/BAD NEWS
This announcement was great news. Unfortunately it was short lived. FHA backed out on May 14. I tried to get a Buyer qualified on May 15th and was turned down. FHA cannot be depended upon to accept the $8000 as a down payment. You can however get a “gift” from a relative or employer for the down payment and then pay them back by amending your 2008 tax return and receiving the $8000 within a couple of months or so. Remember, the $8000 incentive disappears December 1st 2009.
Craig Bruner Broker CRS GRI

]]> http://wilkasgroup.com/2009/05/15/using-your-8000-tax-credit-for-your-fha-down-payment/comment-page-1/#comment-624 Brandon Mon, 18 May 2009 20:23:05 +0000 http://wilkasgroup.com/?p=1685#comment-624 This is great news, and I'm glad to see you sharing it with your readers. A lack of down payment is keeping a lot of buyers on the sidelines right now. This should encourage many of them to enter the market. Low rates, low prices, and tax credits ... what's not to love about all that? Take care. ~Brandon This is great news, and I’m glad to see you sharing it with your readers. A lack of down payment is keeping a lot of buyers on the sidelines right now. This should encourage many of them to enter the market. Low rates, low prices, and tax credits … what’s not to love about all that? Take care. ~Brandon

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