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Owner Financing & Tax credit

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musikklvr
Frequent Contributor

Owner Financing & Tax credit

If I use an Owner Financing option, will I still qualify for the 8K tax credit or not?

 

Thanks.


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DallasLoanGuy
Super Contributor

Re: Owner Financing & Tax credit

I think you can if there is a recorded note and deed of trust.

make sure you use a title attorney office to prepare docs.

cant be from family though 

Retired Lender
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musikklvr
Frequent Contributor

Re: Owner Financing & Tax credit

Thanks Dallas!

Starting Score: 668
Current Score: 712
Goal Score: 750


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