Family Law Questions? Ask a Family Lawyer Online.
who's name was the home in as of May 2005? When did the title change?
She accepted the agreement which included her getting the house on Jan. 3, 2007, and the divorce was final 30 days later. It took six weeks or so from the date of divorce for her to actually get title. The agreement stating she got the house had been under negotiation for six months or so, but it was other details that had to be worked out. Her keeping the house was never in doubt so far as I was concerned.
beneficial possession and ownership are not the same thing, although they typically go hand-in-hand in a normal transaction.. For federal income tax credit purposes, ownership did not terminate until the court awarded the property.
That said, have you considered your eligibility for the $6,500 tax credit? Based on what you have said, there is a good chance that you would qualify.
I realize that this may not be what you had wanted to hear, but I do hope that you understand my philosophy that I cannot help people unless I tell them the truth, regardless of whether it is "good" news or "bad" news. Let me know if I may be of further assistance. Thank you.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).