Debbie S asked:
we lived in a mobile home in a park. we did not have a mortgage or sell the home when we moved. it was in a park where we paid rent, but we owned the mobile home. Do you think we will qualify for the credit. we purchased the new home with a first time homeowners loan. we purchased the mobile home with a consumers loan, not a mortgage
we were in the mobile home for 21 years and it was paid off about 12 years ago
CODY
we lived in a mobile home in a park. we did not have a mortgage or sell the home when we moved. it was in a park where we paid rent, but we owned the mobile home. Do you think we will qualify for the credit. we purchased the new home with a first time homeowners loan. we purchased the mobile home with a consumers loan, not a mortgage
we were in the mobile home for 21 years and it was paid off about 12 years ago
CODY
LUCIEN
You do not say how long you have owned the mobile home. To qualify as a new homeowner for the tax credit then you can not have bought a house within the past 3 years. As to whether the old home wil count against you the answer will be no if you purchased the new home as a first time home buyer.
Comment by mlpaige317 — April 24, 2010 @ 2:56 pm