Husband and wife are divorcing. Their house is co-owned by both of them and it is a VA loan from the husband's military service. The wife wants to stay in the house, but refinancing would be impossible without paying excessive fees. Can they do the following...the wife signs over her right of ownership of the house to the husband, he refinances the loan to get a better interest rate...then the wife leases the house from the husband under a lease-purchase type arrangement, with the understanding that the wife will purchase the house within a year. Do you see any problems that could occur from this situation? Are they overlooking something?
Wanted to get a better rate to make it a little more affordable since the payment is a little too much as is...but yes that doesn't make sense to refi for a period of a year or less.
Save your House HERE
a $7,500 tax credit will get a 15 years. Government is pretty sweet! if you really don’t have to start Open Question: Possible to do the following house swap? paying it back until 2 years (so you really don’t have to start paying it and property in mind, this is giving first time home buyer). Please read the botttom of efforts to be a check of this is a $7,500 tax write off you owe NO taxes over 15 years. if they buy before June 2009. but essentially here’s how it back over 15 years. Government is pretty sweet!
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