Qualifying Types of Homes for the Home Buyers Tax Credit

What types of homes will qualify for the tax credit?

Any home that will be used as a principal residence will qualify for the credit, provided the home is purchased for a price less than or equal to $800,000. This includes single-family detached homes, attached homes like townhouses and condominiums, manufactured homes (also known as mobile homes) and houseboats.

It is important to note that you cannot purchase a home from, among other family members, your ancestors (parents, grandparents, etc.), your lineal descendants (children, grandchildren, etc.) or your spouse or your spouse’s family members.

Need more information?

Visit http://8KYOURway.com for more informtion regarding seminars that will help guide you through the Home Buyers Tax Credit with Liberty Tax Services, NewTowne Mortgage and Prudential Towne Realty.

Military Benefits

Are there any extra Military benefits with the Home Buyers’ Tax Credit?

Yes, expanded tax credit benefits apply to members of the military, the foreign service and the intelligence community.

Possible Military Benefits

• Qualified service members who sell or move from a tax credit home within three years of the initial purchase due to official extended duty are exempt from the recapture rule.
• Qualified service members who are ordered on a period of official extended duty, these dates are extended for one year. For these home buyers, the tax credit applies to sales with ratified sales contract in place on or before April 30, 2011 and settled by June 30, 2011.

Still Confused?

Visit one of our many 8K YOUR Way seminars located throughout the Hampton Roads area at times and locations convenient for you. For more information go to http://www.8Kyourway.com or call 1-888-810-8688.

Home Buyer Tax Credit timeline

A tax credit of up to $8,000 is available for first time home buyers purchasing a primary residence on or before April 30, 2010. What does this mean? In cases where a ratified sales contract is in place by April 30, 2010 and the home purchase is settled by June 30, 2010 then the First Time Home Buyers Tax Credit may qualify.

Need more information? Call our Customer Account Manager at 1-888-810-8688 or visit http://www.8KYOURWay.com

8K* Seminar Dates, Times and Locations

I would like to use the 8K* YOUR Way program. How do I get started?

 

• Contact our Customer Account Manager by
  • Calling 1-888-810-8688
  • Visiting http://www.8KYOURWay.com
• You will then be assigned to a member of our $8K Team.
• Customers who use all of our services will receive a Liberty Tax Services rebate check at settlement in the amount of $250 and a $100 credit towards settlement costs with Eastern Title Company.

* Not all buyers will receive $8,000. The available tax credit for each individual depends on meeting certain qualifications set up by the federal   government.

Why use the exclusive 8K* YOUR Way program?

• Free Tax Preparation and/or Amendment with Liberty Tax Service.
• Pre-Qualification for Mortgage with NewTowne Mortgage.
• Buying a home made simple with our professional sales team at Prudential Towne Realty.
• Title and Settlement Services with Eastern Title Company.
• 48 hour turn-around of monies owed to you from your tax credit refund.

Visit http://www.8kYOURWay.com for seminar locations throughout the Hampton Roads area or call 1-888-810-8688 to speak with our Customer Account Manager.

* Not all buyers will receive $8,000. The available tax credit for each individual depends on meeting certain qualifications set up by the federal   government.

New Program at Prudential Towne Realty

Prudential Towne Realty’s program unravels the Homebuyer Tax Credit mystery. Prudential Towne Realty has teamed with Liberty Tax Services, NewTowne Mortgage and Eastern Title Company to conduct informative seminars that will help guide the consumer through the maze of the Homebuyers Tax Credit whether a first time buyer or a repeat buyer.

More good news for anyone using the exclusive program is the tax preparation rebate through Liberty Tax Services at settlement and discounted Title and Settlement Services along with the free credit report offered with NewTowne Mortgage when all four providers are used.

For more information regarding Prudential Towne Realty’s program or seminars call 1-888-810-8688 or visit http://8KYOURWay.com