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$8,000 First Time Home Buyer Tax Credit?

Posted by Real Estate Investor on May 03 | Real Estate Investing Chatter

My husband and I bought our first house in February 2009. The rebate was NOT our reason for buying our house. We were just ready to buy one. Anyway… I have some questions about it after a conversation with a fellow first time homebuyer.
One of my friends bought her house a few weeks after us. They did their taxes while their house was under contract and somehow, they got the $8,000 return on THIS year’s taxes. They turned around and used it as a downpayment on their house. She said I was supposed to do that as well and said I probably won’t get the return next year b/c I didn’t claim my house this year. However (and that’s a big however!), we did our taxes a few weeks BEFORE we bought our home. Our mortgage broker and the attorney at closing said that we are supposed to claim that we bought a house in 2009 NEXT year on our taxes.
So did I do it wrong? Did my friend commit fraud? What is going on?….
Friend closed on her house in early March 2009., more 

and Too Young To Buy A House?  Currently I am 20years old and attending college, I have hardly any debt ( one secured loan for 2,000) and no credit card debit. I have been working on building my cedit, which is why I got the secured loan. I am sick of renting, it feels like a waste of money I’ve been on my own since 17. What would I need to do to plan on buying a house in the near future? Would it be cheaper to buy a small spot of land and build a house, or maybe a duplex type to rent? I hold a steady job that does not pay a lot but I am really good with saving. How much should I save and how can I create a credit score?, more 

and What is the full form of the leading real estate firm 'DLF' ?  , more 

Can I get credit/equity on a house later?  Hi, I’m not sure if I can afford to buy a house right now, but my fiancee can. He wants to take advantage of the new home buyers tax credit this year. That’s fine, but we were wondering if I could add my name on the house later, once I built up some more money.
Is this even possible to do after he buys the house?
And even if it is possible, will I be able to build equity and credit as well if I put my name on the house later?, more 

and How can I land the job?  I’m new to the job market and I’ve applied to over 40 jobs in my field (broadcast news) at all different levels and positions. But have gotten nothing! Any suggestions? I have as much experience as someone in my position can…internship amazing demo reel, more 

Tags: houses, repossessed, homes, real estate investing