June 20th, 2010 7:42 PM by Anne James
The First-Time Buyer California State Tax Credit is still available but cannot be applied for til you've signed closing docs. AND, you need to download the form. have your agent have the seller fill out their part, take it to escrow to have section V filled out there and GET A COPY OF YOUR HUD1 CLOSING STATEMENT AT ESCROW to fax in immediately. Reservations can be make ONLY for New Home Buyers, short-sale, existing home buyers must wait til their loan docs are signed and the best time to get the seller to fill in their info is before you close--same with escrow! Here's the link with the downlodeable form--you may want your real estate agent to have the seller do their info and send to escrow ahead of closing so section V is filled out. YOU must fax it to the number here: http://www.ftb.ca.gov/individuals/new_home_credit.shtml
The site updates to show the amount left for credit demand so mark it as a favorite! Good luck and Congratulations if you qualified for Federal and State Credit!