$8,000 Obama Bucks buy Son's 1st Home!

[furnishedowner]

I went with our son, the new home owner, to HR Block to file for the tax stimulus money. We had advanced him the 8K needed for the down, plus we had thrown a few bucks on top of that as a gift, like we had done with his older sister.

The HR Block agent asked the following questions:
1. Are you the sole owner? Yes.
2. Have you owned a home in the last 3 years? No.
3. Did you buy the home from a relative? No.
4. Is the money going directly to you? Yes.

The 1040 and 5405 forms were filed electronically and cost about $49. The IRS will electronically send the money to his checking account. HR Block kept a copy of the first page of the contract.

The HR Block agent said that "Lots of people are applying for this once-in-a-lifetime deal; but the Realtors aren't really pushing it like they should." She also said that the real estate contract (REC) is valid for purchase if the State recognizes it as valid.

Hope some of you new, young investors JUMP on that money. You will never see anything like it again.

Furnishedowner