www.IRS.gov

First-Time Homebuyer Credit

 
Legislative changes in November 2009 expanded and extended the credit and also added documentation requirements for claiming the credit. Due to increased compliance checks by the IRS, failure to submit documentation will slow down the issuance of any applicable refund.

Filing Requirements

2009 Tax Return

Because of the documentation requirements for claiming the credit, taxpayers who claim the credit on their 2009 tax return must file a paper — not electronic — return and attach Form 5405, First-Time Homebuyer Credit and Repayment of the Credit (see the instructions for help with the form), with one of the following:

  • For purchasers of conventional homes, a copy of Form HUD-1, Settlement Statement, or other settlement statement, showing all parties’ names and signatures, property address, sales price and date of purchase.
  • For purchasers of mobile homes who are unable to get a settlement statement, a copy of the executed retail sales contract showing all parties’ names and signatures, property address, purchase price and date of purchase.
  • For a newly constructed home where a settlement statement is not available, a copy of the certificate of occupancy showing the owner’s name, property address and date of the certificate.

The new legislation extends the credit to long-time residents of the same main home if they purchase a new main home. To qualify, eligible taxpayers must show that they lived in their old homes for a five-consecutive-year period during the eight-year period ending on the purchase date of the new home. For long-time residents claiming the credit, the IRS recommends attaching, in addition to the documents described above, any of the following documentation of the five-consecutive-year period:

  • Form 1098, Mortgage Interest Statement, or substitute mortgage interest statements,
  • Property tax records or 
  • Homeowner’s insurance records.

FOR ADDITIONAL DETAILS http://www.irs.gov/newsroom/article/0,,id=204671,00.html

PENSACOLA FORECLOSURE NEAR NAS ~ $42,500

103 GILLILAND PENSACOLA FL

103 GILLILAND RD NW, PENSACOLA FL

 3/1.5       986 SQ FT       $42,500

REO PENSACOLA 3br 1.5ba home in Navy Point is located close to everything! Hardwood floors, built in cabinet drawers, and fenced yard are a few of the attributes of this property.
With a little attention, this gem will shine!

CONTACT CINDY 850-393-5134 FOR ADDITIONAL DETAILS!!

www.MakingHomeAffordable.gov

  • Beware of anyone who asks you to pay a fee in exchange for a counseling service or modification of a delinquent loan.
  • Scam artists often target homeowners who are struggling to meet their mortgage commitment or anxious to sell their homes. Recognize and avoid common scams.     
  • Assistance from a HUD-approved housing counselor is FREE.
  • Beware of people who pressure you to sign papers immediately, or who try to convince you that they can “save” your home if you sign or transfer over the deed to your house.
  • Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
  • Never make a mortgage payment to anyone other than your mortgage company without their approval.

FOR ADDITIONAL HELP IN THE PENSACOLA AREA – GIVE ME A CALL 850-393-5134

REO PENSACOLA ~ $30,000

2319 D ST N REO PENSACOLA

2319 D ST N PENSACOLA FL

 3/1          960 SQ FT           $30,000

Investment opportunity awaits! This 3br 1ba home is conveniently located and features ceiling fans, tile and carpet.

REGISTER FOR OUR MOBILE REALTY SEARCH

CALL 850-472-2600, insert 9667 for a demo property! 

TEXT/CALL Cindy 850-393-5134 to talk to a real estate professional!

PENSACOLA HOME FOR SALE

942 MONTCLAIR RD PENSACOLA FL

942 MONTCLAIR RD

3/1      1,012 sq ft     $65,000
 
Awesome remodel, all new kitchen cabinets, applicances, new front door, and windows; New flooring in Living/Dining/Kitchen areas. New paint. Sprinkler system to keep yard and landscaping, nice and green. Privacy fence backyard with screened in porch, carport for 2 cars. Must see this one – NOT a short sale or foreclosure – just a great house for the price. MOVE-IN ready for First Time Home Buyer.

CALL/TEXT Cindy 850-393-5134 for more details

Email Cindy@Move2FLA.com

Pensacola Foreclosure~ $32900

862 Violet Ave

862 Violet Ave, Pensacola Fl

3 Bed 1.5 Bath           Sq Ft 1297        $32,900

3 bedroom 1.5 bath home seeking a little TLC! This property features a chain link fenced in back yard and a detached workshop. Don’t miss your opportunity to get this great home at a great price!

CONTACT Cindy 850-393-5134

Email: Cindy@Move2FLA.com

For additional properties please visit ParadiseFoundPensacolaBeach.com

Townhome REO~$30900

9725 Hwy 98 W #8

9725 Hwy 98 W #8, Pensacola Fl

2 Bed 2 Bath        Sq Ft 1204        $30,900

Ideal investment/rental unit! Two story 2/1.5 with ceramic tile and cozy fireplace. Master bed and bath situated on second floor. Back yard has fence for privacy.

CONTACT  Cindy 850-393-5134

Email: Cindy@Move2FLA.com

For additional properties please visit ParadiseFoundPensacolaBeach.com

Downtown Pensacola Condo $36,900

224 E Garden St #248

224 E Gardent St #248, Pensacola Fl

1 Bed 2 Bath      Sq Ft 624         $36,900

Desirable Carlton Palms Condo located in the heart of Historical Downtown Pensacola!Property ameneties include refreshing outdoor pool and indoor pool with relaxing water fall. Enjoy this delightful abode in a virtual maintenance free environment and all at this low economical price!

CONTACT Cindy 850-393-5134

Email: Cindy@Move2FLA.com

For additional properties please visit ParadiseFoundPensacolaBeach.com

Century Foreclosure $36900

8150 Old Flomaton Rd

8150 Old Flomaton Rd, Century Fl 32535

3 Bed 2 Bath        Sq Ft 1470      $36,900

3br / 2ba brick house on large corner lot with waterview of lake. Hardwood floors, inside laundry, and much more for such a great price!

Contact Cindy 850-393-5134

Email: Cindy@Move2FLA.com

For addtional properties please visit ParadiseFoundPensacolaBeach.com

Pensacola REO $30,900

929 N 52nd Ave

929 N 52nd Ave, Pensacola Fl

2 Bed 1 Bath      Sq Ft 1216     $30,900

Property with covered, enclosed porch in front and backyard with privacy fence. Great property for investor!!

CONTACT Cindy: 850-393-5134

Email: Cindy@Move2FLA.com

For additional properties please ParadiseFoundPensacolaBeach.com