Home buyer credit

[Janitor Bob]

client purchased a new home in 2010. The HUD has closing date of August 27, 2010. Client did NOT enter into any type of binding contract until July 2010. It appears to me that he missed the 04/30 cutoff and thus, does not qualify......correct?

Client is one of those people that gets his tax information from the internet and he is just sure that he qualifies based on changes to the credit....He basically refused to accept my results and told me to "go back and look some more and get me that credit". Now he has me wondering if I have missed something.

he also was not in the military

[Jack from Ohio]

Does NOT meet the requirements. There had to be a binding contract by April 30, 2010 with closing by Sep 30, 2010. Tell him to use Turbo Tax and "ask the box!"

[HV Ken]

client purchased a new home in 2010. The HUD has closing date of August 27, 2010. Client did NOT enter into any type of binding contract until July 2010. It appears to me that he missed the 04/30 cutoff and thus, does not qualify......correct?

Client is one of those people that gets his tax information from the internet and he is just sure that he qualifies based on changes to the credit....He basically refused to accept my results and told me to "go back and look some more and get me that credit". Now he has me wondering if I have missed something.

he also was not in the military

Nice of you to double check for him, but he missed it. Would you be surprised if he comes back with a new document showing he went into binding contract just before 4/30 ?????

[Kea]

Was he in the Military and stationed overseas? There is an exception there. My client bought house in December 2010 after returning from a year in Iraq. I'm more than happy to get the credit for him!