By Kerry Riley, Long and Foster Realtors, www.kerryriley.com
I have told you in the past about getting an $8,000 federal tax credit for first time buyers (hurry! This law expires Dec. 1, 2009), and VHDA monetizing the credit so you can apply to credit at closing.
I learned today that for those first time buyers (also people that have not owned in the past three years) who don't qualify for VHDA (for example if you earn more than $62,000) you can still get the tax credit soon by filing an amended 2008 tax return.
This way you can get back your cash very soon after closing.
Call Kerry Riley at (804) 432-2688 with questions and if you qualify and have not bought your home yet NOW is the time to act. Don't let this great buying envirnment pass you by...
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