Existing Homeowners and the Tax Credit

I’ve been getting a lot of phone calls and emails from existing homeowners during the last two weeks. They want to know if they qualify for the $6,500 home buying tax credit that was recently signed into law. The new rules for current homeowners regarding this credit are: 1. You must have lived in your current home consecutively for 5 of the last 8 years. 2. You must have a written, fully accepted contract on