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Anyone receive 1st time home buyer credit with newly constructed home and fha loan?
If so, please tell me how you did it. I built a home last year and applied for this credit. IRS denied it because there was no seller signature on the hud-1 settlement statment. I call our lender, the title agency, the mortage company and there in no seller signature. The settlement agent signed it and the lender signed it and i signed it. With an fha loan who was to sign as the seller?? The builder??? No one knows. I can't be the only on out there with this problem. If there are any IRS agents reading this please, please let me know. I understand there was alot of fraud and they have to be very carefull, but I can show all kinds of other documentation of my purchase. No one at the IRS will listen to me. As soon as I try to explain my problem, they get rude and pretty much tell me "oh well" I am entitled to this money like every other 1st time homebuyer. Please let me know something.
8 Answers
- real estate guyLv 71 decade agoFavorite Answer
of course age of reason is wrong again
The person signing for the seller is whoever the builder assigns. I have sold over 2000 new homes and have signed for the builder everytime. The builder has NEVER signed. If I can't be there, then the lawyer will sign for the builder.
I don't understand why the IRS would turn this down. How would they KNOW who the signed the HUD; there is NO title line
- Anonymous1 decade ago
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