Posted on: 25th Nov, 2009 07:06 am
Husband owned house before marriage. After marriage wife signed a mortgage on husbands house to release her dower interest. Parties divorce and ex-wife after releasing all claims to any of ex husbands property purchases a new home(had not owned ahome for 5yrs) Can she get new home buyers tax credit?
Welcome jrbarton,
A person will be considered a first time homeowner if he or she had not owned a property for the past 3 years and will be eligible for the first time homebuyers tax credit. Existing homeowners can also apply for the tax credit if they have been occupying the property for the last five of the eight years. To know more about it and the eligibility criteria, check out the given page:
http://www.mortgagefit.com/homeloan/taxcredit-extension.html
A person will be considered a first time homeowner if he or she had not owned a property for the past 3 years and will be eligible for the first time homebuyers tax credit. Existing homeowners can also apply for the tax credit if they have been occupying the property for the last five of the eight years. To know more about it and the eligibility criteria, check out the given page:
http://www.mortgagefit.com/homeloan/taxcredit-extension.html