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Would you be considered a first time home buyer if you purchased and then divorced?
Wiki User
∙ 16y ago
NO. A first time means just that. The purchase of a house is your first time purchasing a house.
Wiki User
∙ 16y ago
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If you are married and your home is in only your spouses name only he is on the loan and the title would you be considered a first time buyer if the next home purchased was only in your name?
Yes.
Does being a co-buyer entitle you to any rights?
You have full and equal right of ownership on the property purchased.
Who pays the title opinion in real estate?
The title opinion is a written statement confirming the ownership rights of the property. Both the buyer and the buyers lender need to know that the seller is in a position to convey the property. Since the attorney prepares the title opinion on the buyers behalf it's the buyer who pays for it. (This would be considered a closing cost on the buyer's side).
Who can be considered as a first time home buyer?
It i more likely that a first time home buyer is someone that has never bought a home before, either that means that you have never picked out the home or you have and someone else has paid for it. Either way that person would be a first time home buyer. Depending on what state you live in there are factors that could place you in the category of first time home buyer even if you have previously owned a home. In New Jersey, if you haven't owned a house in the last 3 years, you are considered a first time home buyer and are eligible for the First Time Home Buyer Program funded by the New Jersey Housing and Mortgage Finance Agency (NJHMFA). This loan offers a below market, fixed interest rate and can even help with down payment. I would check with a mortgage company in your state to see if there are similar programs available.
How is a Pecuniary Bequest for first time home buyer eligible for the tax credit?
Considered unrelated party.
If you are married and your home is in only your spouses name only he is on the loan and the title would you be considered a first time buyer if the next home purchased was only in your name?
Yes.
When a buyer returns merchandise purchased for cash the buyer may record th transaction using?
when a buyer returns merchandise purchased for cash, the buyer may record the transaction using the following entry
Which act would be considered a forgery?
Copying an original artwork we with the intention of fooling a buyer that it is the original
You purchased a car last night can you return it today?
No. Buyer Beware.
When an item is purchased on craigs list where does the seller mail it?
Most transactions are local, but if something is to be mailed, the buyer would provide a mailing address to the seller.
When a buyer returns merchandise purchased for cash the buyer may record the transaction using the following entry?
debit cash; credit merchandise inventory
What happens when you buy software?
When a software program is purchased, ____. the buyer is buying the software the buyer can modify and resell the software the buyer may always install the software on as many systems as he or she wishes none of the above
When goods are shipped FOB destination and the seller pays the transportation charges what journal entry does the buyer make?
Journal entry in the books of the buyer: [Debit] Goods Purchased xxxx [Credit] Cash/bank xxxx As buyer has not paid the freight charges, he will only record the transaction with original goods purchased amount.
How long does a dealer have to give buyer licenses plate?
Usually it is up to the buyer to register and buy plates for their state for a newly purchased automobile. This is not the dealers responsibility.
Does being a co-buyer entitle you to any rights?
You have full and equal right of ownership on the property purchased.
Who is the craft product buyer for Michael's?
Michael's is a large craft retail store. The individual consumer is considered the craft product buyer for the company.
Can a dealership keep your deposit if you purchased a car kept it for over a month then was informed by the dealership that the loan was not approved?
They can if it's written somewhere, such as your contract or in a place where a buyer would be reasonably able to see it.
