first time home buyer – owner loan

May 23, 2009

Am I considered a first time home buyer?

Filed under: Renting & Real Estate — Tags: , , — admin @ 2:24 pm
Mr. Falling asked:


If someone put my name on the deed for their home within the past three years, and I’m looking to buy my own home for the first time, am I considered a first time home buyer?
I’m not on the loan.

Minnie
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4 Comments

  1. Ramon

    May depend if you are also on the loan. If you are, that will look like your first home.

    Comment by Justphil — May 24, 2009 @ 1:27 am

  2. Judith

    no.

    find out why they did that. IT might be against your better interests.

    if it was family trying to give you an estate interest, that could be good
    but it wold also make you liable for taxes.

    Comment by kemperk — May 25, 2009 @ 12:52 pm

  3. Tony

    A first time buyer is exactly what it says. You could be on 100 home titles and never be a first time buyer. A first time home buyer is someone that has there first home loan period.
    Best of luck

    Comment by Big Deal Maker — May 26, 2009 @ 5:50 am

  4. Franklin

    No, you own property already. You will not qualify.

    Ignore the high schoolers, they have no clue.

    Comment by Landlord — May 27, 2009 @ 6:07 pm

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