What Is Tax Credit Financing

What Is Tax Credit Financing

Question: Do We Qualify for Home Buyers Credit?

We put a down payment on a home last May
& are paying by “Owner Finance”
We’re making payments directly to the previous owner.
Do we qualify for any Tax Credits?
If so,what types?

Thank You!




Answer: Let’s see, you *may* or *may* not have bought the house in May 2008.

Is the house titled in YOUR name?
Do you pay the property taxes in YOUR name?

If the owner keeps the title until you make the final payment, you do not qualify.

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