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ManDingo posted:I ran accross this article today and thought it might be worth posting. I just closed yesterday and $8000 is better than nothing, but $15k would be jaw-droppingly awesome. Hopefully this will apply to anything bought after 12/31/08.
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Jul 1, 2009 16:35
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moana posted:Yeah, that takes a lot longer than you'd think. We closed end of May and haven't gotten our rebate - we called the IRS and they said there's a huge backlog. Ug, I filed for mine after closing June 30 and have heard a whole lot of nothing. I'm glad it's just a perk, not a necessity.
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Aug 21, 2009 17:30
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geetee posted:Ouch, sounds like I'll be waiting another month for mine... I'm doing lots of renovations, so having that money now would relieve a lot of stress. I could survive without it, but seeing the bank account numbers constantly dropping is painful. Yeah, I closed June 30 so I assume I'll be waiting about another month. Jeez.
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Sep 17, 2009 03:59
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geetee posted:This a million times. I'm pretty sure the form says nothing about what proof you have to provide and it pisses me off. I keep reading about people having the IRS kick back their amendment requesting proof of ownership. I also keep reading about people waiting over 6 months and some waiting only 3 weeks for their credit. It sounds like such a clusterfuck. I closed 6/30, mailed in the paperwork on 7/6. I called IRS after a few months, they said call back 10/13. I called then, they said paper work had been filed, expect a check in 4 weeks. So, it looks like a 4 month process for me in total, assuming I do get the check in the coming weeks haha
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Oct 27, 2009 21:11
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dwoloz posted:
When they were giving everyone and anyone a mortgage during the bubble, this was completely allowed to factor in but they have clamped down on this heavily. In other news, I finally got my tax credit. Closed June 30th, got the check in the mail today...with interest!
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Nov 10, 2009 06:03
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Bong Goblin posted:So now that the credit has been extended, is it still a requirement that I be fully moved in to the house by November 30? I'm still dealing with what I'd call a severe fixer-upper, and it may or may not be completely ready by then (but it'd be minor, like not having an egress window installed in a bedroom, not having all the siding completely primed/painted.) Now that the credit is good until sometime next year, has the move-in deadline extended, too? I closed on the house in October. I included a copy of my Bill of Closing which had the closing date on it with my tax return.
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Nov 19, 2009 23:03
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Dik Hz posted:plan on living in it for a long time I see people say this a decent amount, but what does "a long time" generally mean in terms of years?
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Dec 3, 2009 22:58
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IndyPunkOne posted:Looks like long waits for those of us who closed after Nov 6. I closed on June 30 and filed an addendum to my 2008 filings on July 6. Got my check 4 months later to the day.
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Jan 18, 2010 16:39
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FYI regarding USAA: they are extremely picky with what they will give loans for. This probably helped them weather this crisis (which I am happy they remain strong, I love every aspect of their business), but I could not get a loan through them due to their restrictions on condos.
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Apr 22, 2010 17:11
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Arkane posted:IIRC, an amount under 10k can be gifted without tax implications. Additionally, the money would not be going towards the down payment, it would be going towards your debt. To pay them back, you can simply re-gift the money back to the relative. Just be careful with this because lenders generally want 3+ months of banking statements so a bunch of money suddenly appearing can be bad.
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Apr 28, 2010 01:03
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