Foreclosed Tax Credit

Foreclosed Tax Credit
Foreclosed Tax Credit

Question: What happens to my 2008 Homeowners tax credit after selling or losing my home? Potential Bankruptcy?

My tax credit was $7,500 which will be paid back at $500 per year at tax time for 15 years. Will it be due immediately should my house sell or foreclose? Please help!

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Answer: yes

2009 $8,000 Tax Credit Explained

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