I divorced in 2007 and the house was awarded to my ex-wife as part of the settlement. Can I qualify for the?

Asked by Jim Vaillancourt, Essex, VT Fri Aug 28, 2009

$8000 tax credit?

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Heidi Zizza, Agent, Wilmington, VT
Wed Apr 7, 2010
James it is unfortunate but the answer is no. You owned the home so unless you were selling your primary residence right now and had lived in it for 5 years you will not qualify. However, take advantage of the low rates and low prices. In years to comw when the prices and rates are higher you will be glad you bought!
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Jim Bellville, Agent, Brattleboro, VT
Fri Aug 28, 2009
You should be able to verify with any lender, but my understanding is that since you have owned a home in the last 3 years, you would not be eligible.
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