fthb (1)

First Time Home Buyer Tax Credit & Fraud

I saw on the news the other night the estimated $ amount of fraud committed on the First Time Home Buyer Tax Credit. Amazing numbers. There were so many that claimed the credit that were going to buy a home, so many that were under age, the youngest was 4 years old. They always find a loop hole don't they.I sold my first daughter a home in January, she filed for the tax credit and received within 2 weeks. No proof required.I sold my second daughter a home in June, she has not received hers. She had to submit the HUD with seller and buyer signatures. (Like that couldn't be fraudulantly produced). They have been reviewing her file, she received a letter the other day not to expect a decision until November 22.It just amazes me what people will do to ruin it for someone else. Although they should have known the bad would find a way to take advantage of it.
Read more…