More information regarding the tax credit...
"The tax credit does not have to be repaid.
The tax credit is equal to 10% of the home purchase up to a max of $8,000.
...available until December 1, 2009.
... The buyer must live in the house for 3 years, or they will be obligated to pay back the credit.
Just claim it on your return. No other forms or papers have to be filed..."
Thanks, lender Rick Costa for this information. He can be reached at 707 529 3374 (cell) for further questions.
Thanks, and have a great day!
-Karena
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