Real Estate Law

Have real estate law questions? Ask a real estate lawyer.

Ask a Lawyer,
Get an Answer ASAP!

If i transfer a property as a gift to someone,will this affect…

Customer Question
if i transfer a property...
if i transfer a property as a gift to someone,will this affect their apportunity in the future as first time home buyer.
Submitted: 2 years ago.Category: Real Estate Law
Show More
Show Less
Ask Your Own Real Estate Law Question
Answered in 2 minutes by:
6/23/2015
Real Estate Lawyer: Attyadvisor, Attorney replied 2 years ago
Attyadvisor
Attyadvisor, Attorney
Category: Real Estate Law
Satisfied Customers: 8,467
Experience: 30 years of experience in General Practice, Real Estate Law and Estate Law.
Verified
Are you asking in relation to their status as a first time home buyer as far as obtaining a loan?
Ask Your Own Real Estate Law Question
Customer reply replied 2 years ago
(Posted by JustAnswer at customer's request) Hello. I would like to request the following Expert Service(s) from you: Live Phone Call. Let me know if you need more information, or send me the service offer(s) so we can proceed.
Real Estate Lawyer: Attyadvisor, Attorney replied 2 years ago
Can you tell me if your question is in relation to the person(s) you gift title to the property to being able to qualify for a loan in the future as first time home buyers?
Ask Your Own Real Estate Law Question
Real Estate Lawyer: Attyadvisor, Attorney replied 2 years ago
Sorry there was computer glitch in the screen/format I was working on so I changed the format to respond to your question.
For purposes under Florida law they could be considered a first time home buyer under (A) below if they have not had an ownership/title interest in the three years prior to applying for a loan, or the other definitions stated below apply.
"HUD DEFINITION OF FIRST TIME FLORIDA HOMEBUYER:
A. Is an individual who has not had an ownership interest in a principal Florida home during the last 3 years. This includes a spouse they are considered Florida first-time Florida homebuyers.
B. Single parents are first time homebuyers if they have only owned a Florida home with a former spouse while married or a single parent who has only owned with a former spouse while married is also considered a first time Florida homebuyer.
C. A first time Florida homebuyer is one who is one who has been a displaced homemaker and has only owned a Florida home with a former spouse.
D. A first time Florida homebuyer is an individual who has only owned a principal Florida home not permanently affixed to a permanent foundation in accordance with applicable regulations.
E. A Florida first time homebuyer is an individual who has NOT owned a Florida home that was in compliance with Florida State, local or model building codes and which cannot be brought into compliance for less than the cost of constructing a permanent Florida home."
http://www.florida-mortgage-lenders.com/first-time-florida-home-buyer-loans.html
Please feel free to ask me any additional questions that you may have with regard to this matter.
If you would be kind enough to rate my service so I may receive credit for my work I would appreciate it.
Thank you for using JA!
We appreciate your business.
Ask Your Own Real Estate Law Question
Real Estate Lawyer: Attyadvisor, Attorney replied 2 years ago
I wanted to follow up with you to see if the information I provided was helpful?
Please let me know. Thank you for using JA!
Ask Your Own Real Estate Law Question
Was this answer helpful?
Ask Attyadvisor Your Own Question
Attyadvisor
Attyadvisor
Attyadvisor, Attorney
Category: Real Estate Law
Satisfied Customers: 8,467
8,467 Satisfied Customers
Experience: 30 years of experience in General Practice, Real Estate Law and Estate Law.

Attyadvisor is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Tina

Tina

Lawyer

5,436 satisfied customers

17 years of legal experience including real estate law.

Barrister

Barrister

Lawyer

11,126 satisfied customers

17 years real estate, Realtor. Landlord 26 years

Infolawyer

Infolawyer

Lawyer

7,785 satisfied customers

Experienced lawyer

Ray

Ray

Lawyer

7,559 satisfied customers

Texas Attorney for 30 years dealing in real estate

LawTalk

LawTalk

Attorney

6,207 satisfied customers

I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

Dimitry Esquire

Dimitry Esquire

Attorney

5,526 satisfied customers

JA Mentor, multiple jurisdictions, specialize in business/contract disputes, estate creation & admin

Ely

Ely

Counselor at Law

4,925 satisfied customers

Qualified attorney in private practice including business, family, criminal, and real estate issues.

< Previous | Next >

Related Real Estate Law Questions
Can a tenant in an over 62 hud assisted housing be forced to
can a tenant in an over 62 hud assisted housing be forced to accept a box fan. we are being told we must accept this & keep in our apartments even if we do not use it … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I purchased a HUD 203K house and the contractor did a lousy
I purchased a HUD 203K house and the contractor did a lousy job and some things he did not complete. Because I was not satisfied with his work and he said he did things in the house which I did not as… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
11,278 satisfied customers
i would to know the building codes for building a wood fence
i would to know the building codes for building a wood fence infront of my house atXXXXX berwyn il. getting the permit i was told things like no more than 5 ft. of solid wood and hole must be one half… read more
Brian
Brian
Architect
Bachelor's Degree
2,171 satisfied customers
Hello, I had I few question regarding Building codes and permits
Hello, I had I few question regarding Building codes and permits in Hernando County,. Can a 5 acre property be sub-divided in Brooksville FL? What is the minimum footage? What constitutes an agricultu… read more
Dennis M. Smith
Dennis M. Smith
Retired
Bachelor Degree
1,293 satisfied customers
On the mortgage or deed but have been paying the mortgage
my name is ***** ***** the mortgage or deed but have been paying the mortgage frm sept.2015 -apr,2018 I don't have I know legal rights but I still want to know if there is anyway that can protect me … read more
Attyadvisor
Attyadvisor
Attorney
8,467 satisfied customers
MORTGAGE QUESTION: When mortgage lenders make loans to
MORTGAGE QUESTION: When mortgage lenders make loans to individuals to purchase a condominium/home where there is a Condominium Association / Home Owners Association (HOA), do they typically require be… read more
Lori
Lori
Juris Doctor
1,343 satisfied customers
I'm trying to find out how I can obtain a copy of my hud 1
Hi I'm trying to find out how I can obtain a copy of my hud 1 document from one of my refiance … read more
Attyadvisor
Attyadvisor
Attorney
8,467 satisfied customers
Can the local township change my building code even if I
Can the local township change my building code even if I have a certificate of non-compliance? … read more
Attyadvisor
Attyadvisor
Attorney
8,467 satisfied customers
Does Universal Building Codes control what part of
Does Universal Building Codes control what part of commercial buildings require a Class A Fire rating? … read more
Attyadvisor
Attyadvisor
Attorney
8,467 satisfied customers
I have a HUD tenant. She has been with me for several years,
I have a HUD tenant. She has been with me for several years, She met a man, and he moved in with her. He also was given HUD assistance. After several more years, they are fighting day and night. … read more
Infolawyer
Infolawyer
Lawyer
Doctoral Degree
7,785 satisfied customers
I LIVE IN HUD HOUSING AND THE OWNER IS SELLING THE BUILDING.
I LIVE IN HUD HOUSING AND THE OWNER IS SELLING THE BUILDING. CAN I BE EVICTED IF HE SELLS TO A PERSON WHO CONVERT TO REGULAR HOUSING … read more
Phillips Esq.
Phillips Esq.
Attorney
JD
19,574 satisfied customers
Oh boy. I bought a HUD home in August (Illinois). That means
Oh boy. I bought a HUD home in August (Illinois). That means foreclosed, of course but you deal with Housing and Urban Development (they're on "my side" as my Govt., right?) If you try to negotiate on… read more
WiseOwl58
WiseOwl58
JD Honors Graduate
4,107 satisfied customers
Standish, MI. My granddaughter is renting a HUD subsidizied
Standish, MI. My granddaughter is renting a HUD subsidizied apartment. The apartment manager has made remarks on her "days at this place being numbered" in public areas to her as well as calling across the parking lot to the maintence man regarding her. … read more
Attyadvisor
Attyadvisor
Attorney
8,467 satisfied customers
I am trying to find the florida building code to reroof my
I am trying to find the florida building code to reroof my mobile home … read more
Attyadvisor
Attyadvisor
Attorney
8,467 satisfied customers
Condo building codes for hurricanes shutters in 33432. They
condo building codes for hurricanes shutters in 33432. … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
Are there HUD restrictions on how much escrow a mortgage
Are there HUD restrictions on how much escrow a mortgage company can ask for? I found a rule under Additional Collections that says it can be no more than one-sixteenth of total annual requirements, b… read more
lucy7368
lucy7368
Juris Doctor
763 satisfied customers
I need a MA attorney that knows MA building codes 4 family
I need a MA attorney that knows MA building codes 4 family long before MGL 148 26i, building inspector says use as 3 family or install sprinklers for a 4 – is he wrong? Fire escape to 2 apts condemned… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
Michigan Commercial Building code. Before occupancy of a
Good Morning! Michigan Commercial Building code. Before occupancy of a building that has been vacant, actually an old school, does the building need to be brought up to State of Michigan building code… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers

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).

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).

Show MoreShow Less

Ask Your Question

x