FIRST TIME HOME BUYER. If the Property is improved residential real property, and if Buyer is a first time Maryland homebuyer as defined in MD Tax Property Code §13-203(b), as from time to time amended, who will occupy the Property as Xxxxx’s personal residence, then Seller shall pay the state transfer tax of 0.25% to the extent required by law.
FIRST TIME HOME BUYER. If the Property is improved residential real property, and if Buyer is a first time Maryland homebuyer as defined in MD Tax Property Code §13-203(b), as from time to time amended, who will occupy the Property as Xxxxx’s personal
FIRST TIME HOME BUYER. If the Property is improved residential real property, and if Buyer is a first time Maryland homebuyer as defined in MD Tax Property Code §13-203(b), as from time to time amended, who will occupy the Property as Xxxxx’s personal residence, then Seller shall pay the state transfer tax of 0.25% to the extent required by law.The property will be sold in “As Is” condition without express or implied warranty as to the nature and description of the improvements. The property will be sold subject to easements, agreements, restrictions or covenants of record affecting the same, if any. Dimensions and acreage are more or less. Time is of the essence as to the terms of this contract.
FIRST TIME HOME BUYER. The borrower has not had an ownership interest in any principal residence (other than a mobile home that was not permanently affixed to a foundation on real property so as to constitute real property) at any time during the three-year period ending on the date the Mortgage is executed; provided, however, that this requirement shall not apply if the property financed by the Mortgage Loan is located in a Targeted Area or if the Mortgage Loan used to acquire the residence is a Qualified Rehabilitation Loan, or The First Time Home- Buyer requirement is not required by the program.