• $7500 Tax Credit

    Posted Sep 9th, 2010 By Richard Landuyt in Real Estate Answers With | Comments Off

    Q: i was wondering about the $7500 tax credit you get for a foreclosure and if you have to pay it back?

    A: The tax credit is for more than foreclosures. Yes – you have to pay it back. There are many factors that go along with this newest Government idea. Rather than going into all the details, go to the IRS website – www.IRS.gov

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    Richard Landuyt
    Licensed since 1979, I give you my personal guarantee that your real estate transaction will be the most organized process you will ever experience.


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