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!!
That depends on FL state laws. Ask one of the attorney's you do closing's with, I'm sure they know the answer.
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.
Thanks for the replies Tony and Justin.
Anyone in Florida know the answer??
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.
I just spoke to a lender and she says it is possible!
(with additional paperwork, of course!) :)
Thanks everyone!
Hey Sylvie- I have relatives In Toronto. How is the market doing up there?
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.
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