PETITION - 7500.00 TAX CREDIT- NOT TO BE REPAID TO IRS

10,550 Letters Sent So Far

If you were a first time homebuyer and bought a house between April 2008 and December 31, 2008, you were entitled to receive a $7,500 tax credit that MUST BE REPAID over a period of 15 years.

If you were a first time homebuyer bought a house on January 1, 2009 through Dec. 31, 2009 you were eligible for an $8,000 tax credit that DOES NOT HAVE TO BE REPAID.

This is NOT FAIR. We need to get congress to eliminate the requirement that the 2008 tax credit must be repaid.

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I have kept up on all payments, work very hard have a job better than most and find it appalling that I am being penalized for doing the right thing, when most other first time buyer credits have been forgiven, disgusting.
This is truly not fair. I purchased my home in 2008 and have been a great home owner who pays my bills on time and never defaulted on my mortgage. However, it is nearly impossible for me to get out of my home due to the crashing of the housing market. I know many homeowners who got the $8,000 free credit who have already defaulted on their mortgages and now their homes are bank owned. Please consider waiving this repayment for all of the 2008 homebuyers who are in good standing with their mortgages.