RentToOwn-HouseFinder.com
We bought our home w a lease to own contract. House, taxes, interest and ins all are together. Do we qualify?
Do we qualify for the first time home buyers credit? Looked at the IRS website and it says we would, but since the deed is still in the "owners" name and the taxes get paid from their name, but WE pay it, would that disqualify us?
Public Comments
- You need to speak to a tax accountant about this. What you describe is an Equity Interest in the real estate. It is constructive ownership but not actual ownership. I am not certain if an equity interest is enough.
