It is very difficult for a person that already owns a property to co-sign for ... financial files, credit scores, debt ratio, employment history. If all else fails request for co-signer ... Read more
Nope. If either person on the note has owned in the last three, it nullifies. ... ... not because a co-signerhome owner is involved, but because you were previously married when a home was owned ... Read more
The short answer is yes if the buyer qualifies but always check with your tax ... .. if the co-signer has to sign the HUD1, then most likely you cannot get the tax credit under those conditions ... Read more
Dan - You have until Novemeber 30, 2009 to close on the home to qualify. ... ,The firsttimehomebuyer tax credit will apply to you as long as you are on the loan and title and file ... Read more
Not sure. Best left to a loan officer. Sharon Harris That would be a ... ; the question is home ownership. So if the co-signer isn't on the deed, then (not tax advice here: check with a ... Read more
Hi LInda,If you are on the deed and the mortgage he might only qualify for ... home and take advantage of this great time to buy and the tax credit! Kudos to all of you ... Read more
Buyer,There are a few ways to look at this. But it all comes down to ho ... ,000 Tax Credit - http://www.fhaloansfhamortgages.com/8-000-first-time-home-buyers-tax-credit ... Read more
Adam, according to my preferred lender, the minimum credit score necessary for a ... information on the tax credit of 2009 for FirstTimehomebuyers, please visit my blog and read this article ... Read more
Chris,Good question, you should contact a tax advisor or IRS. Here is ... with and create a buying strategy and narrow your search which will save you time and money. Tax Credit ... Read more
Adam,Our recommendation is to consult this very helpful website. ... I am closing on a condo next week for a young man who has his parents as his co-signers and he ... Read more
This is a question best asked of an attorney if I ever saw one. Besides, if ... no problem going behind his present wife's back to co-sign a mortgage note... I have a good feeling ... Read more
Ross,Great question for your CPA or real estate attorney. They would be ... if we are informed and up to date.Tanya Weeks 303-462-3421 Brian and Rita Burke - Kenna and Co ... Read more
Gabe, Your credit score is really good and 20% is fabulous!You may buy ... at your income, debt, etc. Sooner the better, as the $8,000 FirstTimeHomeBuyer tax credit ends November ... Read more
Hi Crawford,You will be both responsible for the home incase something ... , they will go after your father. Just as important, you may not qualify for the "FirstTimeHomeBuyer" credit ... Read more
Hi Jennifer,How are you? First, you would have to be considered a First- ... still take the tax credit even if your co-signer is not a firsttimebuyer. Here is some information ... Read more
That's correct! If you aren't claiming the benefit from her ... spouse qualifies for the first-timehomebuyer tax credit. However, unmarried joint purchasers may ... Read more
Mz. Cohen,If you don't know where you want to buy a home, then the firs ... realtor that will do a free buyer's consultation with you and give you a firsttimehomebuyer's package ... Read more