Would you like $8000?

Do I have your attention? Your free money comes in the form of the 2009 First-Time Homebuyer Tax Credit; you can receive up to $8,000.

Here are some of the criteria to qualify:

In order to be a recipient of this tax credit, you may not have owned a home within the last three years.

If you owned a home prior to three years ago, you are considered a first time homebuyer under the definition of this credit.

If you file your income taxes as a “single” filer, the income limit is $95,000 and for married purchasers, the income limit is $170,000.

You must purchase your home in 2009, and it must be your principal residence, the residence that you occupy more than 50% of your time. You must keep the home for a minimum of three years or the credit must be repaid.

The formula for the $8,000 credit is based on 10% of the purchase price up to $8,000. If you purchase a home for $200,000, 10% would be $20,000. You would receive the maximum credit of $8,000.

This tax credit is applied towards your total 2009 tax liability. If your 2009 tax due to the IRS is less than the $8,000 earned credit, you would receive a refund for the difference.

Let’s see: reduced home prices, unbelievably low interest rates and now there is free money just waiting for you. I'm waiting for email with your phone number--I'll call you right back.