Buy a Foreclosure, Get $8,000 from Uncle Sam

To continue to receive foreclosure property alerts, please add realtytrac@realtytrac.com to your address book today.

Join Search Agents Loans Home Value Learn

Buy this year and you can receive a tax credit up to $8,000!

Thinking about buying a foreclosure soon? If you are, a new law could put up to $8,000 in your pocket via a first-time homebuyer tax credit that does not have to be repaid. But you must purchase a property this year to qualify. Join RealtyTrac today to find a foreclosure bargain in time.

Have questions about the tax credit? We've got the answers. When do I need to purchase to qualify? If you buy a home between Jan. 1 and Dec. 1 this year and close escrow during these dates, you will qualify for a tax credit up to $8,000 - as long as it is your primary residence and you meet the simple requirements. How does the law define "first-time homebuyer"? The law defines "first-time homebuyer" as a buyer who has not owned a principal residence during the three-year period prior to the purchase. What are other requirements to qualify? All U.S. citizens who file taxes are eligible to participate. An income limit of $75,000 a year for individuals and $150,000 a year for joint filers also applies. How do I apply for the credit? Taxpayers should use IRS Tax Form 5450 to claim the first-time homebuyer tax credit. Does the credit have to be repaid? No. Unlike a similar tax credit passed in 2008, this $8,000 tax credit does not have to be repaid to the IRS. So what are you waiting for? Join RealtyTrac today to get a great bargain home. And a great tax credit on top of that.

The information in this e-mail is provided solely for informational purposes and does not constitute an offer by RealtyTrac Inc. to sell, rent or lease real estate. RealtyTrac Inc. disclaims any warranties or representations concerning the information contained in this email. RealtyTrac Inc. does not guarantee the accuracy of the information contained in this e-mail and instructs you to independently verify the accuracy of the information provided. All intellectual property rights are retained by their owners. This e-mail contains advertisement(s). Please do not reply to this e-mail. Replies to this e-mail will not be responded to or read. To contact us, Click here. Manage your email preferences here   |   Unsubscribe from promotional emails here Got this as a forward? Subscribe Here Copyright (c) 1996 - 2009 RealtyTrac Inc. 1 Venture Plaza 300, Irvine, CA 92618 All rights reserved. Terms and Conditions Privacy Policy