first time home buyer – owner loan

October 7, 2009

I filed a quit claim deed when i got divorced in 02, do i qualify as a first time home buyer now?

thomas j asked:


Ex wife was foreclosed on last year, my name was still on the mortgage so the foreclosure is on my credit report. My new wife and I are closing on a home next week and are hoping to take advantage of the 8,000 tax credit for first time home buyers. Does the quit claim deed and time elapsed since then make me eligible?

Eugene

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