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Home Buying in 27592 : Real Estate Advice

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Thu Feb 18, 2010
Richard Brody answered:
The requirement for the $8,000 credit for 1st time homebuyers is that neither party of a couple owned a house that was their primary residence in the past 3 years. You state that your wife owned a home over a year and a half ago, but that she is not on the title. If she is not on the title, how did she own the home? You also state that it was over 1 1/2 years ago, but was it over 3 years ago? My recommendation is for you to consult your tax professional for details, and your lawyer if there is some question re whether your wife owned a home. ... more
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