Unfortunately no matter how you got your name on the title it got on there so you are considered a homeowner.
It is fraud and I guess it coes down to that for your Mortgage Broker to put you were renting. Both you and he could be held liable. I know it will probably never be caught but if it is you are in alot of trouble, the lender could get you for false information on the application which means they could call the note due immediately. IF you claim the credit and it is found out then you just got busted for fraud by the IRS. As you can guess that is real bad as well. Sometimes taking the high road sucks but it is still the best way. And unless there are other circumstances that you arent mentioning your loan officer is commiting fraud knowingly and who knows what else he will do to get that loan done, including you having an interest rate that is two points higher at close!

Without knowing all the details involved difficult for any professional render an opinion confer with your mortgage broker or CPA

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
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Lynn911

Heidi,

There are always circumstances that appear to be borderline and do not present the clarity we need. Our recommendation is to consult a real estate attorney or CPA for this information. They will be able to best advise you.

Good luck

Thanks for your help. Thought I probably wouldn't, just wanted to make sure.

Thanks again for your time.

If you've owned a home in the last 3 years - and if you were on title, you owned a home - you do not qualify for the tax credit. If you try to work-around.... well, you might want to read the article below.

Heidi,

My gut says that you would not qualify since you were on Title, but definitely a question that would be best suited for a Real Estate Attorney or your CPA.