Thursday, November 12, 2009
by Coreen S. Sarabia, Realtor, ABR, CIPS,CRS
The extension and expansion of the Homeowners Tax Credit is the best news on the real estate front, however, I have had some specific questions on certain qualifications that I had not had answers to. So, I was pleased to find this article on the Wall Street Journal website. It answered many of the questions that I had and even some that I didn't even think to ask, such as this one:
Q: Can a principal residence be something besides a conventional house?
Yes. A principal residence may also be a condominium, co-op apartment, attached or semi-attached townhouse, or even—if it has eating, sleeping and toilet facilities—a boat, motor home or trailer. Manufactured homes qualify in some states.
Click here to check out the other great questions and answers on this very important subject.