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Old 09-16-2009, 11:52 AM
 
Location: Boise, ID
8,046 posts, read 28,405,061 times
Reputation: 9470

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Ok, I was going by the first link you posted, and it says the property must meet these requirements.
  • Applies to single-family homes and condos if they are your primary residence
  • The property must have been for sale prior to May 11, 2009 and must still be for sale
  • The property must be in default on or before March 1, 2009
  • The property has already been foreclosed on and is held by the bank or mortgage company
#4 says it has to be a bank or lender owned. I'm not from Georgia, just going by the link given.

*Edit* Ok, this link also says the same thing...

3. Is it true this credit is limited to the purchase of a single family residence?
YES, the tax credit is limited to the purchase of one single family residence.
Single-family residences (including condominiums) are eligible if they are:
* New residences, residences occupied at the time of sale, or previously occupied residences, if such residences:
- Were for sale prior to the effective date (5/11/09) and were still for sale after the effective date;
* Owner-occupied residences with respect to which the owner’s acquisition debt is in default on or before March 1, 2009; and
* Residences with respect to which a foreclosure event has taken place and which are owned by the mortgagor or the mortgagor’s agent.

at the end of item #2, it says AND ... to me, that means it has to meet all 3 requirements, not any of the above. If they mean all three types are individually eligible, then it should say OR.
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Old 09-16-2009, 07:47 PM
 
125 posts, read 634,185 times
Reputation: 55
MAM: Thanks again for your help, and answering the question at hand

I ended up asking my Agent to request a copy of the Listing Agreement from the Listing Agent... he is currently awaiting her response.

My BFF just closed today and her agent just gave her a copy of the MLS (which you mentioned) that also has the listing date. I, like you reccommended, would prefer to have a copy of both -- just in case!!

MikeJaquish: It's not really a 'big deal'.. I just didn't know what documents would have a listing date on it - as I am not a realtor (or previous seller) just a first time homebuyer hoping the world wide web can help w/ my confusion . Also, I don't want the agent to just tell me to 'come on down.. to review it.." and put me at ease.. I need an actual copy for those sitting in the GA tax offices!! lol I want my $1,800!!

Lacerta: I understand where you may be confused with the wording. I really just wanted to know where I could find the listing date... I already understand the requirements.

Thanks again everyone!! Closing's just a few weeks away!!
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Old 09-16-2009, 09:02 PM
Status: "Made the Retirement Run in under 12 parsecs!!!" (set 16 days ago)
 
Location: Cary, NC
43,160 posts, read 76,751,962 times
Reputation: 45518
Quote:
Originally Posted by AtlantaGal View Post
MAM: Thanks again for your help, and answering the question at hand

I ended up asking my Agent to request a copy of the Listing Agreement from the Listing Agent... he is currently awaiting her response.

My BFF just closed today and her agent just gave her a copy of the MLS (which you mentioned) that also has the listing date. I, like you reccommended, would prefer to have a copy of both -- just in case!!

MikeJaquish: It's not really a 'big deal'.. I just didn't know what documents would have a listing date on it - as I am not a realtor (or previous seller) just a first time homebuyer hoping the world wide web can help w/ my confusion . Also, I don't want the agent to just tell me to 'come on down.. to review it.." and put me at ease.. I need an actual copy for those sitting in the GA tax offices!! lol I want my $1,800!!

Lacerta: I understand where you may be confused with the wording. I really just wanted to know where I could find the listing date... I already understand the requirements.

Thanks again everyone!! Closing's just a few weeks away!!

LOL
I would want the $1800, too.
And as a listing agent, I would work with you as much as I could. I would let you see as much of the listing agreement as I could without compromising my seller. That may be the whole thing. And your mind would be at ease.
And after you closed, I would give you a copy so you could claim the cash.

But, I would not give you the agreement until you had closed.
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