2017 MORTGAGE CREDIT CERTIFICATE PROGRAM GUIDE
The law mandates a “recapture” of some of the benefit of the program if a Mortgagor meets all three (3) of the following criteria: (1) the property ceases to be the principal residence in the first full nine (9) years after the date that the mortgage loan is closed; (2) there is a profit on the sale of the home, and (3) the household income ... ................
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