Comments on: Stimulus Package and New Home Buyer Credit http://www.sglawblog.com/2009/02/14/stimulus-package-and-new-home-buyer-credit/ Life and Law in Southern Utah Wed, 24 Feb 2010 04:29:56 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Home Stimulus Package http://www.sglawblog.com/2009/02/14/stimulus-package-and-new-home-buyer-credit/comment-page-1/#comment-398 Home Stimulus Package Tue, 16 Feb 2010 04:57:09 +0000 http://www.sglawblog.com/?p=441#comment-398 Voters wanted change, but not inflation and freebees we can't afford. Voters wanted change, but not inflation and freebees we can’t afford.

]]> By: Danny http://www.sglawblog.com/2009/02/14/stimulus-package-and-new-home-buyer-credit/comment-page-1/#comment-7 Danny Tue, 03 Mar 2009 01:11:09 +0000 http://www.sglawblog.com/?p=441#comment-7 What if neither the husband or wife has bought or owned a home and are currently divorcing? Can both the husband and wife buy a home separately? What if neither the husband or wife has bought or owned a home and are currently divorcing? Can both the husband and wife buy a home separately?

]]> By: admin http://www.sglawblog.com/2009/02/14/stimulus-package-and-new-home-buyer-credit/comment-page-1/#comment-5 admin Sat, 28 Feb 2009 00:41:04 +0000 http://www.sglawblog.com/?p=441#comment-5 Matt, Ivory Homes has information on its website at http://www.ivoryhomes.com/?mID.....redit+utah that answers your question: “The law defines “first-time home buyer” as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests homeownership history of both the home buyer and his/her spouse. For example, if you have not owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit.” Matt, Ivory Homes has information on its website at http://www.ivoryhomes.com/?mID…..redit+utah that answers your question:

“The law defines “first-time home buyer” as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests homeownership history of both the home buyer and his/her spouse.

For example, if you have not owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit.”

]]> By: Matt Tomlin http://www.sglawblog.com/2009/02/14/stimulus-package-and-new-home-buyer-credit/comment-page-1/#comment-3 Matt Tomlin Mon, 23 Feb 2009 19:38:35 +0000 http://www.sglawblog.com/?p=441#comment-3 What constitutes a "new home buyer"? I bought the house that my wife and I are living now before we were married, so technically, she has never bought a house. If we put the new house in her name, would we quality for the $8000 tax credit? What constitutes a “new home buyer”? I bought the house that my wife and I are living now before we were married, so technically, she has never bought a house. If we put the new house in her name, would we quality for the $8000 tax credit?

]]> By: Chayce Clark http://www.sglawblog.com/2009/02/14/stimulus-package-and-new-home-buyer-credit/comment-page-1/#comment-2 Chayce Clark Sun, 15 Feb 2009 17:30:47 +0000 http://www.sglawblog.com/?p=441#comment-2 There was talk of the credit being 15K. It sounds like they decided on eight. Either way, good time to buy! I am in town looking at homes that, even if I worked for the next 50 years, I will never be able to afford. There was talk of the credit being 15K. It sounds like they decided on eight. Either way, good time to buy! I am in town looking at homes that, even if I worked for the next 50 years, I will never be able to afford.

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