http://firsttimehomebuyermagazine.com/2009/09/tax-credit-discrimination/ First Time Home Buyer Education Wed, 07 Jul 2010 11:40:54 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://firsttimehomebuyermagazine.com/2009/09/tax-credit-discrimination/comment-page-1/#comment-1763 davidwright000 Thu, 22 Apr 2010 18:36:33 +0000 http://firsttimehomebuyermagazine.com/?p=1040#comment-1763 I just bought my first house. I was shopping for houses for a long time when my dad came to me and asked if I was interested in buying a house from him. I loved the house he had for sale and decided it was in my best interest to by a house where I know the history of it. I put a lot of my own time and money into the house over the past 4 years. By no means did he give me a break. I closed a few weeks ago and was looking into the homebuyer tax credit. I come to realize I did not qualify because I bought the house from a family member. If you ask me this is discrimination. I paid 57,000 for this house that was appraised at 60,000. I feel that I have been ripped off once again by the government. I just bought my first house. I was shopping for houses for a long time when my dad came to me and asked if I was interested in buying a house from him. I loved the house he had for sale and decided it was in my best interest to by a house where I know the history of it. I put a lot of my own time and money into the house over the past 4 years. By no means did he give me a break. I closed a few weeks ago and was looking into the homebuyer tax credit. I come to realize I did not qualify because I bought the house from a family member. If you ask me this is discrimination. I paid 57,000 for this house that was appraised at 60,000. I feel that I have been ripped off once again by the government.

]]> http://firsttimehomebuyermagazine.com/2009/09/tax-credit-discrimination/comment-page-1/#comment-1707 Linda Mudd Wed, 28 Oct 2009 04:53:52 +0000 http://firsttimehomebuyermagazine.com/?p=1040#comment-1707 I live in Kentucky. My daughter and her husband are both paid on a commission basis. Therefore, they don't meet the 2-3 year employment guidelines required for secondary home mortgage financing. When they can qualify (probably in 2 years) the tax credit will not be available for them? This isn't fair for homebuyers in their situation. There is not a program available for them unless they have a 20% down payment (which they don't) and maybe then they'll be able to get approved for a higher interest loan at a local bank. They would like to buy now and take advantage of the low interest rates plus they want a home too!<br>Obviously if you're a millionaire you don't have to worry about getting assistance! I live in Kentucky. My daughter and her husband are both paid on a commission basis. Therefore, they don't meet the 2-3 year employment guidelines required for secondary home mortgage financing. When they can qualify (probably in 2 years) the tax credit will not be available for them? This isn't fair for homebuyers in their situation. There is not a program available for them unless they have a 20% down payment (which they don't) and maybe then they'll be able to get approved for a higher interest loan at a local bank. They would like to buy now and take advantage of the low interest rates plus they want a home too!
Obviously if you're a millionaire you don't have to worry about getting assistance!

]]> http://firsttimehomebuyermagazine.com/2009/09/tax-credit-discrimination/comment-page-1/#comment-1613 Linda Mudd Tue, 27 Oct 2009 23:53:52 +0000 http://firsttimehomebuyermagazine.com/?p=1040#comment-1613 I live in Kentucky. My daughter and her husband are both paid on a commission basis. Therefore, they don't meet the 2-3 year employment guidelines required for secondary home mortgage financing. When they can qualify (probably in 2 years) the tax credit will not be available for them? This isn't fair for homebuyers in their situation. There is not a program available for them unless they have a 20% down payment (which they don't) and maybe then they'll be able to get approved for a higher interest loan at a local bank. They would like to buy now and take advantage of the low interest rates plus they want a home too!<br>Obviously if you're a millionaire you don't have to worry about getting assistance! I live in Kentucky. My daughter and her husband are both paid on a commission basis. Therefore, they don't meet the 2-3 year employment guidelines required for secondary home mortgage financing. When they can qualify (probably in 2 years) the tax credit will not be available for them? This isn't fair for homebuyers in their situation. There is not a program available for them unless they have a 20% down payment (which they don't) and maybe then they'll be able to get approved for a higher interest loan at a local bank. They would like to buy now and take advantage of the low interest rates plus they want a home too!
Obviously if you're a millionaire you don't have to worry about getting assistance!

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