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1st Time Homebuyers Credit the way I understand it.

Friday, July 10, 2009 | Comments Off

1st Time Homebuyers Credit (if you have not owned a home in the last 3 years)(a home could be considered a boat, motorhome, mobile home in a park even if you do not own the land, if you have claimed any of these as your home on your taxes)(always check with your tax preparer or the irs to verify).

10% or $8000 whichever is less.

So a mobile home in a park (like the one I have for sale at 139 Cottonwood Circle) selling for $15,500, the credit would be $1550 as I understand it.

Any Credit is a Good Credit.

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