Posted on: 07th Feb, 2010 01:57 pm
My mom put me on a quit deep on her house does the disquify me for the first time buyers program i would like to buy a house
My mom put me on a quit deep so will that disqualify me from the credit for first time buyer
Hi Lormont,
If you buy a property now, you won't be considered as a first time home buyer. This is because, your name is already on a property deed. A person would be considered as a first time home buyer only if he/she does not own a property in the last 3 years. Thus, you will not be able to qualify for the first time homebuyer's tax credit.
If you buy a property now, you won't be considered as a first time home buyer. This is because, your name is already on a property deed. A person would be considered as a first time home buyer only if he/she does not own a property in the last 3 years. Thus, you will not be able to qualify for the first time homebuyer's tax credit.