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Question regarding already having a mortgage on a co-op and the 8K tax credit
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MissJones
I need a nap!
Member since 5/05 22136 total posts
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Question regarding already having a mortgage on a co-op and the 8K tax credit
Okay, bear with me here...this is my husband's inquiry.
The 8K tax credit for first time home buyers supposedly goes until November. We carry a mortgage on a co-op in Queens. He thinks that since with a co-op, you don't really 'own' it, it's more like renting or leasing, that if we wanted to buy a house and carry a mortgage on a HOUSE, we might still qualify for that tax credit. I see where he's coming from in terms of the legalities and technical jargon considering we don't really 'own' the space, but at the same time, I think a mortgage is a mortgage.
So basically, would a co-op owner qualify for this first time home buying tax credit?
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Posted 9/7/09 9:49 AM  |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
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Me
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Re: Question regarding already having a mortgage on a co-op and the 8K tax credit
Nope, condo and co-op owners are not eligible.
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| Posted 9/7/09 9:55 AM |
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MissJones
I need a nap!
Member since 5/05 22136 total posts
Name:
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Re: Question regarding already having a mortgage on a co-op and the 8K tax credit
Thank you. that is what I figured.
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| Posted 9/7/09 9:57 AM |
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