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No, since you are not a first time home buyer. I tried that when I got a divorce and because my husband and I had bought a home I didn't qualify.

Not necessarily true. In New Jersey, if you haven't owned a house in the last 3 years, you are considered a first time home buyer and are eligible for the First Time Home Buyer Program funded by the New Jersey Housing and Mortgage Finance Agency (NJHMFA). This loan offers a below-market, fixed interest rate and can even help with down payments.

I would check with a mortgage company in your state to see if there is a similar program available.

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Q: Can you have already owned a house and still receive the first time home buyer credit?
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How does a person receive the first time buyer tax credit 2010 if they have already filed their taxes?

If you have already filed your taxes, you can file an amended return to claim the credit. This process takes around 12 weeks to finalize. You must also have lived in the house you are filing for, for about three years.


If there are 2 purchasers on a home and only one is a first time home buyer can first time buyer get first time home buyer tax credit?

Yes


What is a first time buyer tax credit 2010?

A first time buyer tax credit is a credit you can get if you purchased a house (primary residency) in 2008, 2009 or 2010. It reduces your tax bill (what you pay).


What companies offer mortgages to a first time home buyer that has bad credit?

Finding a company that offers mortgages to a first time home buyer that has bad credit is not an easy task. Mortgagedigger, govhomeloans and operationhope are companies that offer mortgages to a first time home buyer that has bad credit.


Does a land contract qualify a first time home buyer for the new tax credit?

Does a land contract qualify a first time home buyer for the new tax credit?


Is the first time home buyer credit still in effect and if so how for how long?

Yes, the first time home buyer's credit is still available, and will be so until April 2010 (http://www.federalhousingtaxcredit.com/).


If you sell your home to a first time home buyer is there any tax break when you buy your next home?

There are currently no federal programs that allow for you to receive a tax credit based on the fact that you sold the home to a first time home buyer. You should check if there are any state programs available.


What is some advice for a first time home buyer to get tax credit from 2010?

In order to get the first time home buyer tax credit, you need to have closed on your home by October of 2010. If so, you can take the deduction on your taxes.


Is there still a tax credit available to first time home buyers?

Yes. The first time home buyers tax credit has been extended through May 1, 2010. According to irs.gov if a home is under contract by May 1, 2010 and closed on by July 1, 2010 the first time buyer will receive an $8,000 tax credit.


Can you get a first-time homebuyer credit on your home equity loan?

A home equity loan is something people take out when they have already purchased a home and already have a mortgage. It is a loan against the equity you have in your home. Therefore, since you already own your home you would not qualify for present first time home buyer programs.


Is there a tax credit for first time home buyers?

Yes. There is a first-time home buyer credit of up to $8000 until 4/30/2010.


Documentary letter of credit?

A DOCUMENTARY credit is frequently the agreed method of settlement for international trade. The buyer's bank reimburses the seller against presentation of documents drawn in compliance with conditions stipulated in the documentary credit by the buyer. There are advantages to both the buyer and seller when settlement is arranged by documentary letter of credit. First, the buyer knows that payment will only be made if the documents received comply strictly with the terms and conditions of the credit as stipulated by the buyer. Second, the seller knows that payment will be received provided the terms and conditions of the credit are strictly complied with.