Click To View Links

Community Property and Liens



An FHA loan was granted for the purchase of a home in 2009 when 1st time buyers were given the $8000 tax credit. The primary income earner (husband) had (has) a lien against him, but the property has been placed in the name of his spouse.

In addition, the primary income earner had not been out of Chapter 7 at the time of the loan. Should the primary income earner's circumstances have been noted on the loan application? Because this is a community property state, will the mortgagee need to be advised of the lien?

=======ANSWER======

Hello,

This is a good question, however I am not qualified to give out legal or tax advice.

I will have to encourage you to seek professional help on this one.

Kind Regards,

Jeff

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Ask The Expert.

New Jersey Grants

Click on Image to Learn More

South Carolina Grants

Click on Image to Learn More

Recent Articles

  1. FHA Help

    May 26, 17 03:14 PM

    Would you like some FHA help? Perhaps you are wondering if it is wise to add a significant other to the mortgage? Or why a mortgage company would ask you to go conventional instead of FHA? Find answer…

    Read More

  2. Maryland First Time Home Buyer Grants | Programs | Down Payment Assistance

    May 20, 17 06:24 PM

    Digging for Maryland first time home buyer grants to buy a home? Find the best grants, programs for home buying in Maryland and other down payment assistance available to you.

    Read More

  3. Home Buying Help - Your Personal Coach

    May 20, 17 06:13 PM

    Searching for home buying help? Discover here how to request your own personal assistant to navigate the home buying process.

    Read More

Buyer Programs

fha loans

The FHA Loan Products

Home Buyer Grants

zero down home loans

Zero Down Home Loans


Follow Us On Twitter

follow me on twitter