If a married couple buys a home, does it have to be in both of their names?

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Services for Real Estate Pros

If a married couple buys a home, does it have to be in both of their names?

Does it matter in what state they live?

If one of the people already has owned a house but the other hasn't and then they buy a house together, are they considered first time home buyers? Would they qualify for the first time home buyers credit that just went into law?

Thanks AR people!!

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Rainer
212,819
Tony Anderson
Century 21 Community Realty - Habersham, GA
Realtor - Serving Habersham Banks, White & Hall Co

That depends on FL state laws.  Ask one of the attorney's you do closing's with, I'm sure they know the answer.

Feb 16, 2009 11:59 AM #1
Rainer
129,115
Justin Ukaoma
Vizion KC - Kansas City, MO
Kansas City Real Estate Investments

It's hard to give advice on this since it changes from state to state.  I would get in contact with a real estate lawyer in your area.

Feb 16, 2009 01:27 PM #2
Rainer
132,923
Todd Mack
Coral Springs, FL
Property Manager Assistant

Thanks for the replies Tony and Justin.

Anyone in Florida know the answer??

Feb 16, 2009 02:09 PM #3
Rainer
205,592
Sylvie Conde
Sutton Group-Associates Realty Inc., Brokerage - Toronto, ON
Broker, Toronto Real Estate

It would be great to see what applies to Florida ... unfortunately I can't answer that.
We're not talking about a straight purchase here ... we're also talking about Family Law, and it can be tricky (depending on the situation).


You would be better off asking a local real estate lawyer about that couple's specific situation.
Good luck.

 

Feb 18, 2009 02:16 PM #4
Rainer
132,923
Todd Mack
Coral Springs, FL
Property Manager Assistant

I just spoke to a lender and she says it is possible!

(with additional paperwork, of course!)  :)

Thanks everyone!

Feb 19, 2009 01:41 AM #5
Rainer
132,923
Todd Mack
Coral Springs, FL
Property Manager Assistant

Hey Sylvie- I have relatives In Toronto. How is the market doing up there?

Feb 19, 2009 01:42 AM #6
Rainer
205,592
Sylvie Conde
Sutton Group-Associates Realty Inc., Brokerage - Toronto, ON
Broker, Toronto Real Estate

Todd, the market has slowed down a little bit, and the mortgage rates are absolutely the lowest they'e been in 30+ years, so it's a great buyer's market.  I just wish more buyers were taking advantage of it, before rates start climbing again.

I'm glad you found the information you were looking for.

Feb 19, 2009 02:24 AM #7
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Rainer
132,923

Todd Mack

Property Manager Assistant
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