Comments on: “First-time Maryland home buyer” code definition http://www.choicefinance.net/blog/2007/12/19/first-time-maryland-home-buyer-code-definition/ Choice Finance® Fri, 06 Nov 2009 17:46:18 -0500 http://wordpress.org/?v=2.8.1 hourly 1 By: Susan Prince http://www.choicefinance.net/blog/2007/12/19/first-time-maryland-home-buyer-code-definition/comment-page-1/#comment-2579 Susan Prince Thu, 29 Jan 2009 20:37:51 +0000 http://www.choicefinance.net/blog/2007/12/19/first-time-maryland-home-buyer-code-definition/#comment-2579 I forgot to ask, is this tracked by name or social security number or both? I forgot to ask, is this tracked by name or social security number or both?

]]> By: Susan Prince http://www.choicefinance.net/blog/2007/12/19/first-time-maryland-home-buyer-code-definition/comment-page-1/#comment-2578 Susan Prince Thu, 29 Jan 2009 20:36:45 +0000 http://www.choicefinance.net/blog/2007/12/19/first-time-maryland-home-buyer-code-definition/#comment-2578 Suppose the person was a co-guarantor but lost the property through bankruptcy and divorce over 11 years ago? Does the Maryland rule still apply? Suppose the person was a co-guarantor but lost the property through bankruptcy and divorce over 11 years ago? Does the Maryland rule still apply?

]]> By: Allen Davis http://www.choicefinance.net/blog/2007/12/19/first-time-maryland-home-buyer-code-definition/comment-page-1/#comment-2487 Allen Davis Sat, 10 Jan 2009 08:07:13 +0000 http://www.choicefinance.net/blog/2007/12/19/first-time-maryland-home-buyer-code-definition/#comment-2487 Most Federal programs define a first time home buyer as someone who has not owned a home in the past 3 years. Why does Maryland feel it necessary to never have owned property in Maryland? I think the idea is that people who own a home can use proceeds from the sale of their home as a down-payment so you don't need assistance as much. If you haven't owned a home for 3 years or more you probably fit that category Most Federal programs define a first time home buyer as someone who has not owned a home in the past 3 years. Why does Maryland feel it necessary to never have owned property in Maryland?

I think the idea is that people who own a home can use proceeds from the sale of their home as a down-payment so you don’t need assistance as much. If you haven’t owned a home for 3 years or more you probably fit that category

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