Legal Question in Real Estate Law in Indiana
My husband and I are wanting to buy a house with owner financing.
Who would pay the taxes on the house? Would i be able to file the house on my taxes?
and also, could i be able to get the first time home buyers tax credit? thanks
Asked on 7/04/11, 11:51 am
1 Answer from Attorneys
The answer depends on some sxtent on what kind of owner financing. If they are keeping a mortgage and giving you a deed, you pay the mortgage, taxes and get the deductions and credit.
Answered on 7/04/11, 1:18 pm
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Luckily not in litigation ( yet) thanks for your time Asked 6/24/11, 10:20 am in United States Indiana Real Estate and Real Property
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