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Wednesday, July 27, 2016

Little-Known Tax Credit Helping Homeowners

BALTIMORE (WJZ) — Achieving the American Dream of home ownership comes at a price. For some, that price is too high. Now a local consumer group is spreading the word about a little-known tax credit that can mean the difference between keeping or losing your home, WJZ’s Amy Yensi reports.

Loretta Jefferson packed the last 20 years of her life into boxes, fearing she would lose her home.

“I was anxious. I was thinking, ‘Well, where am I going to live now?'” said Jefferson.

The 69-year-old retired secretary paid off her Brooklyn row home, but couldn’t make ends meet to pay the taxes. That put her at risk of a tax lien foreclosure.

“Oh my gosh. I’ve been in this house all these many years. And now for about $1,000 or so dollars, I’m going to lose my house,” said Jefferson.

In a last-ditch effort, she applied for the Homeowner’s Property Tax Credit. A few weeks later, she got the news she had been hoping for.


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