[quote=SK in CV]Debt incurred within 90 days of acquisistion of a personal residence can be considered qualified home mortgage debt if it meets all the other requirements. There is no “registration”. Borrow the money, and get the security interest recorded within 90 days of the purchase and you’re good to go.[/quote]
Thanks SK. I am still not sure I understand. We have no debt currently but wish to take out a mortgage on the property we currently own. Is this the debt you are referring to and if so we need to record this mortgage/debt with 90 days of the close of escrow?
