Re: Contract for Deed - Landlord Forum thread 199721

Re: Contract for Deed by Anonymous on April 4, 2010 @12:37

Another quick FYI: Land contracts can qualify for the new first time home buyers credit. If you write the contract correctly and go through an accountant, you can get their tax credit check deposited to you as a down payment on this sale. This helps out the buyer and the seller. Consult an accountant on how to do this. It is possible and I have seen it done 3 times now. The seller gets the check and the buyer gets credited with a down payment on the sale. Act quickly as this credit is due to expire.

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