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Stephanie Said:FHA Loan Misconceptions of RequiredCredit Score of 580 NOT TRUE
We Answered:you are so right -- the fha will work with persons on a case by case basis!!!
David Said:First time homebuyers credit 2009 deadline?
We Answered:Some confusion here! You have 3 years to amend a return(for a refund). If the office you called is a seasonal office they would close on Apr 16 and yes you would have to go in by Apr 15 to get it done this year in that office. The last date to buy this year and qualify is Nov 30 2009. Remember the amended return must be mailed and you will not get your money for 4-6 weeks.
This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent Master Tax Advisor
Marjorie Said:$7500 Tax Credit in advance? Part II?
We Answered:If you close before 7/1, you can amend your 2008 return to include the first time home buyers credit.
Unfortunately, amended returns must be mailed in and processing time for them is approximately 12 weeks. Last year, it was up to 20 weeks due to the stimulus payments.