http://www.mortgagecreditproblems.com/blog/virginity-restored-how-to-be-a-first-time-homebuyer-again/ Expert Advice & News on Bad Credit Mortgage, Mortgage Refinancing & Home Loans Sat, 31 Jul 2010 01:04:56 +0000 http://wordpress.org/?v=2.3.2 http://www.mortgagecreditproblems.com/blog/virginity-restored-how-to-be-a-first-time-homebuyer-again/#comment-128 A Tax Break for the Rest of Us | MCP Help Blog Fri, 08 Aug 2008 17:31:03 +0000 http://www.mortgagecreditproblems.com/blog/virginity-restored-how-to-be-a-first-time-homebuyer-again/#comment-128 [...] would have to write the IRS a check for $500 when filing his taxes. However, in 2008 Joe became a first time home buyer. So he gets a $7,500 tax credit. Instead of writing a check for $500, Joe gets a check from the IRS [...] […] would have to write the IRS a check for $500 when filing his taxes. However, in 2008 Joe became a first time home buyer. So he gets a $7,500 tax credit. Instead of writing a check for $500, Joe gets a check from the IRS […]

]]> http://www.mortgagecreditproblems.com/blog/virginity-restored-how-to-be-a-first-time-homebuyer-again/#comment-61 Gina Pogol Thu, 03 Jul 2008 21:02:38 +0000 http://www.mortgagecreditproblems.com/blog/virginity-restored-how-to-be-a-first-time-homebuyer-again/#comment-61 Divorced people get to be first-timers if they are single parents or displaced homemakers (spouses who didn't work outside the home when married). Those who aren't, but owned a home jointly with an ex within three years don't get to be first-timers until 3 years have lapsed. Divorced people get to be first-timers if they are single parents or displaced homemakers (spouses who didn’t work outside the home when married). Those who aren’t, but owned a home jointly with an ex within three years don’t get to be first-timers until 3 years have lapsed.

]]> http://www.mortgagecreditproblems.com/blog/virginity-restored-how-to-be-a-first-time-homebuyer-again/#comment-60 K. Cummings Thu, 03 Jul 2008 20:36:59 +0000 http://www.mortgagecreditproblems.com/blog/virginity-restored-how-to-be-a-first-time-homebuyer-again/#comment-60 It's interesting that you can own rental properties, but as long as you didn't use any of them as your primary residence, you're still considered a first-time homebuyer. It’s interesting that you can own rental properties, but as long as you didn’t use any of them as your primary residence, you’re still considered a first-time homebuyer.

]]> http://www.mortgagecreditproblems.com/blog/virginity-restored-how-to-be-a-first-time-homebuyer-again/#comment-59 Julie Thu, 03 Jul 2008 20:33:00 +0000 http://www.mortgagecreditproblems.com/blog/virginity-restored-how-to-be-a-first-time-homebuyer-again/#comment-59 It's also good to know that if you get divorced and need a new home, you can qualify as a first time home buyer. Great post! It’s also good to know that if you get divorced and need a new home, you can qualify as a first time home buyer. Great post!

]]> http://www.mortgagecreditproblems.com/blog/virginity-restored-how-to-be-a-first-time-homebuyer-again/#comment-58 Gary Thu, 03 Jul 2008 20:26:28 +0000 http://www.mortgagecreditproblems.com/blog/virginity-restored-how-to-be-a-first-time-homebuyer-again/#comment-58 Wow, this is a great explanation of what a first time buyer is. Thanks for clarifying this for me, it's good to know I would still be considered a first timer since the last home I owned was almost eight years ago. Wow, this is a great explanation of what a first time buyer is. Thanks for clarifying this for me, it’s good to know I would still be considered a first timer since the last home I owned was almost eight years ago.

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