Comments on: Actual Refundable First Time Home Buyer Tax Credit In Stimulus Package

By: Jamie

Jamie — Tue, 17 Nov 2009 06:27:14 +0000

To Linda:
Having the same problem! Purchased my home July 1st, 2009..amended my taxes to get it early..lol! yeah right! It is now November and about a month ago they sent me a letter saying i had to fax them my closing statement and stuff to prove that i actually bought the house. So i did and the lady at H&R Block told me to call them in a couple of days. Called two weeks later cuz i hate talking to a bunch of liars! The guy told me he doesn’t kno if they received it. So i think to myself “why am i calling these ppl to answer my questions when they never do?!” So i call again and they tell me, “Still processing..and i should get it buy middle of November…hahahaha!! They send me a letter saying “We are reviewing your response date 10/07/2009. You should recieve a reply from us by 12/21/2009.” A RESPONSE!!! WHAT THE HECK IS THAT? So who knows when anybody will get their money???? Has anyone gotten their money from the government from this? And how long did u have to wait? It’s been goin on 18 weeks and counting. They can bail-out these big corps. but when it comes to giving me a little check for $5700…god forbid! Why does it take them so long to process these returns? Do billions of ppl not do their taxes every year around the same time? Do we not get that money back within 8 weeks or so, if not sooner? So why would it take them this long to do less tax returns? I know alot of ppl r doing this but i doubt there r not as many ppl filing to get the home buyers tax credit as there are ppl doing their taxes every single year!!! Does this make sense to anyone??

By: Gerald

Gerald — Wed, 11 Nov 2009 05:37:56 +0000

i hope that those Stimulus Package coming from the government would really kick start the Economy. the economic recession has been very bad on my business. **

By: Mary

Mary — Fri, 06 Nov 2009 18:07:54 +0000

In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did not get off the ground. The first cut off date, I believe was Jul7 08 then was extended to December 2008. The government made it clear this was temporary program that why I felt this was a great opportunity. As single mom of two, I definitely would not miss out on the chance of home ownership due to the exorbitantly high rents but I would have taken more time in purchasing a house with more features or sq. ft for the same amount of money. We should start a google community to address our concerns.

By: Amy

Amy — Fri, 06 Nov 2009 03:46:17 +0000

Does anyone know who we should contact in regards to having to pay back the $7500 dollars we received from 2008? I don’t see how it is fair at all that we should have to pay that back when others are getting $8000 and not having to pay it back.

By: penny

penny — Wed, 04 Nov 2009 21:48:54 +0000

I purchased my home in Dec.2007,will I qualify for the credit,if not that is not right,because we all are first home time buyers and I feel we all should be able to receive something from it.

By: Beverly

Beverly — Thu, 29 Oct 2009 15:38:40 +0000

Will a buyer be eligible for the 1st time home buyer credit if they are purchasing a home on a 3 year Lease with an option to purchase. If so what do they need to do to apply for the credit.

By: Elizabeth

Elizabeth — Wed, 28 Oct 2009 18:01:23 +0000

Purchased a home in May of 2007, and in June of 2008 lost it in a tornado. Finally got my new home rebuilt and closed on in February of 2009. Sucks that I don’t qualify for the credit. : (

By: Erin

Erin — Tue, 13 Oct 2009 21:10:51 +0000

From reading these comments it seems like a lot of people might benefit from reading the info on the site http://www.firsthomeexperience.com/main/. There is a free booklet to download and some easy to enter contests.

Check it out!

By: Mark H.

Mark H. — Fri, 09 Oct 2009 23:16:20 +0000

Although I am grateful for the First Time Hombuyer’s Tax Credit (which of course it’s not a true credit) it seems ironic that those of us who had the guts to buy prior to 2009 that we get stuck with having to pay back the “credit” over 15 years.

Hopefully congress will have some common sense and convert it to a true tax credit.

By: Larry J

Larry J — Sat, 26 Sep 2009 15:59:25 +0000

I am currently living with someone who owns the house, i currently pay rent, if I was to become an owner of this property would I qualify for the homeowner credit?