Can Seller Walk Away From Contract After Repair Request? Sellers can get buyers to walk away by not agreeing to any repairs or concessions. The only way a seller can back out of an offer is if they had a contingency in place that gives them the option to walk away from the buyer. Can
Can You Qualify As A First Time Home Buyer Twice? Can you qualify as a first time home buyer twice? If you’re a displaced homemaker who has only ever owned your first primary home with a spouse, you qualify as a first-time homebuyer. If you own a mobile home that’s placed on a foundation but
Can You Get An FHA Loan On A New Construction? Can you get an FHA loan on a new construction? Many homebuyers are surprised to find that FHA loans can be used to finance a variety of property types, including new builds. FHA new construction loans are a good option for any homebuyer who isn’t
Did You Claim The First Time Homebuyer Credit In 2008? Did you claim the first time homebuyer credit in 2008? Example – You were allowed a $7,500 first-time homebuyer credit for 2008. You must repay the credit. Your 15-year repayment period started with 2010, the second taxable year from 2008. How do I know if
Do I Have To Pay Back 2009 First Time Homebuyer Credit? Do I have to pay back 2009 first time homebuyer credit? If you claimed a First-Time Homebuyer Credit for 2009 or 2010, and you use the home as your main home for 36 months following the purchase, you do not have to repay the