Home Buying in 06067>Question Details

Elaine Shew, Home Buyer in Rocky Hill, CT

Daughter co-borrower on refinancing of primary residence. Daughter never owned before, now on Deed get 8K??

Asked by Elaine Shew, Rocky Hill, CT Wed Apr 8, 2009

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3
You may want to check with a professional. I could be wrong but I don't believe you can sell to a family member and still receive the 8K. Sorry
0 votes Thank Flag Link Tue Feb 16, 2010
May want to check with a tax atttorney just to be sure, but sounds to me your daughter is now an owner, was not before and yes she shoud qualify for the 8k credit.
0 votes Thank Flag Link Thu Apr 9, 2009
Elaine,

She will need 6 months seasoning on title in order to refinance. If she was not on title and she was making the mortgage payments Fannie Mae will look at that as "vested interest" and will allow her to go onto the loan.

Hope that helps

Ryan Brandenburger
http://www.bayburg.com
0 votes Thank Flag Link Wed Apr 8, 2009
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