Second Time Home Buyers

[SueBaby]

Does anyone have problems with Second Time buyers that buy BEFORE Nov 6th?

[BP.]

TTB 11-3. Purchase pre- 6 Nov 09 is not FTHBC eligible, if that's your question.

[SueBaby]

TTB 11-3. Purchase pre- 6 Nov 09 is not FTHBC eligible, if that's your question.

I know that date but the people don't and they are very upset they are NOT eligible for that money that they have planned on. That was the problem I am having ==upset people.

[BP.]

Oh, sorry, SueBaby! OK, you meant upset clients. No, the upset ones are the ones who got the $7,500 "FTHB" loan and have to pay it back. Barb

[BHoffman]

Seems like we just got over soothing upset clients who lost out on the credit for replacing windows in 2008.

[SueBaby]

Oh, sorry, SueBaby! OK, you meant upset clients. No, the upset ones are the ones who got the $7,500 "FTHB" loan and have to pay it back. Barb

Yeah I have plenty of those too!!

[RitaB]

Well, I'M a little upset

Because nobody gave ME an interest free loan OR a fat credit to help me build MY house.

Also, you all know who is funding those loans and credits. US!!

OK, sorry. My little rant for the day is finished. lol.

[BP.]

Seems like we just got over soothing upset clients who lost out on the credit for replacing windows in 2008.

Yes and feels like I'm still rubbing salt in some wounds by asking if anyone made qualified energy improvements in 2009. Not to mention asking if they purchased a new car in 2009. Ouch!

[jimmcg]

I know that date but the people don't and they are very upset they are NOT eligible for that money that they have planned on. That was the problem I am having ==upset people.

Think of this as a learing experience for your clients and a business opportunity for you.
Remind your clients that tax planning is an itegral part of tax preparation. Maybe next time they will realize that they should consult with you before getting involved in any significant financial transactions...............All problems are really opportunities in disguise!

[RitaB]

The trouble with this credit

This credit is maddening. It changed more than some people change underwear. Even if they do call us BEFORE they make a decision, (they won't), when the credit changes down the road, they will blame us for giving bad advice. They may change it to $9,000 credit if you buy your house on a Tuesday when there's a full moon. Who knows?