? About Buying a House
Guys my actual question is about the $8000 tax credit for new home buyers. Im sure most of you have heard of this, it was part of the stimulus package, and it got extended into April of this year. Heres the situation, Im looking at buying my great-grandfathers home. He has been in a nursing home for prob 4 years or so and no one has lived there, he still ownes the house and my grandma{his daughter} his executer of the estate. The people ive talked to have said, as part of the tax credit extension anew stipulation was added, that it cant be a family home being purchased, i guess people were taking advantage of it. I am actually doing everything legit with the purchase going to have contract, lawyer,etc. and still am paying a nice price for the house. My question is for anyone in real estate or banking or a lawyer or anyone that may have encountered something like this. I want to get that $8000 tax credit but i need to find a way around this new stipulation. Any info would help a great deal.
Thanks
FB Coach
Last edited by FB Coach13; 01-22-2010 at 07:50 PM.
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