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sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

No issues george.

IRS.gov would be the best place at the end

Guest

I am married and my husband is a co signer on a mortgage with his mother. If I am buying a house now and have never purchased in the past and will be the only person on the mortagage not my husband. Will I qualify for the first time home buyers stimulus money.

gmakerley · Posted: Mon Oct 26, 2009 6:17 pm Post subject:

you sure ought to be able to do so, thome. check with the irs or your tax advisor for the latest updates, though.

Guest

I got a home in 2002 would I qualify for any credit

gmakerley · Posted: Fri Oct 30, 2009 11:40 am Post subject:

presumably, guest, you remain in that home at this time, 7 years later...right?

assuming that i'm correct in that thought, you're not eligible for any first-time homebuyer credit. they didn't exist in 2002.

Guest

I bought a house for my sister and she let it forclose in 2006. I have never lived in the house. We live in Japan, my husband is military and we are buying a house November2009. Will we qualify for the tax credit

gmakerley · Posted: Tue Nov 10, 2009 11:01 am Post subject:

it would seem so, home buyer, assuming that you're coming back to the us to make that purchase. since you did not reside in that home you purchased for your sister, it wouldn't have inhibited you anyway.

Guest

My Husband cosigned on a house with his parents back in 2001. In 2005 he stopped using the house as a primary resident and he has rented since. I finally got his parents to take his name off the house this past summer by doing an assumption of the loan. I on the other hand have never owned a house. This year we have bought a new house. Will we still qualify for the tax credit because we haven’t used the house for a primary resident even though his name was listed as a cosigner?

gmakerley · Posted: Sun Nov 15, 2009 8:30 pm Post subject:

he'd seem to meet the requirement that you cannot reside in a primary residence for the last 3 years. i suggest you contact the irs - go to their website, where you will find FAQ, which may be helpful here. also, you can call them - see the website for the number.

Guest

My domestic partner and I purchased a house in August 09. He obtained financing for the loan. I paid the down payment and pay half the mortgage. He does not qualify for first time home buyer...but I have never owned a home. Can I take the credit even though I am not on the loan or deed?

gmakerley · Posted: Thu Dec 03, 2009 9:40 pm Post subject:

if you are not on the deed, you are saying that you're not an owner. how, then, is it that you think you might be eligible for the first time homebuyer credit? you must be a purchaser of a home, and the mere fact of occupying and making payments on someone else's mortgage is not adequate to qualify you as a first time homebuyer.

Guest

I was divorced Dec 2008 purchased a home in Feb 2009. My name was on the deed which I did a quick claim deed but not on the mortgage. Do I qualify for first time home buyers tax credit?

jameshogg · Posted: Sun Dec 27, 2009 10:55 pm Post subject:

Hi vickyd,

First time homebuyer's tax credit is available to those who haven't owned any principle residence in the last 3 years. I don't think you satisfy this requirement as you owned a property earlier. So, you won't be able to qualify for the first time homebuyer's tax credit.

Thanks

gmakerley · Posted: Mon Dec 28, 2009 2:58 pm Post subject:

vicky, for the best information possible on your situation, you should speak with a tax advisor or contact the irs directly (irs.gov) and ask that question.

Guest

My husband (unmarried at the time) bought a house 6 years ago. After we got married we refinanced and my name was put on the documents. If I buy a home now, would I be a first time buyer (excluding my husband)?

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Do I qualify as a First Time Homebuyer if my name is on deed only and I Refinance this month?