Lately a lot of questions have come up about the Federal Housing Tax Credit. Do I have to pay it back? From the research we have done, the answer to that question is: "It depends on when you bought your home." Probably not the answer you wanted to hear, but it really does. In researching I came across a website that answered many of the questions you have been asking so I am including that link in this post. Hope this answers your questions...but if not, just ask us and we'll dive in deeper to get you the answer. http://www.federalhousingtaxcredit.com/
I wish I would have bought my house a few months later. I have to pay mine back. I only missed the date by months...no way
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