My husband was abused as a minor at a state facility and is part of a large lawsuit that is in negotiations with the state. There is so many claims that the state will most likely make him take a structured settlement as opposed to a one time payout. I am the only one working currently because he has some health issues and we don't know when he will be medically cleared to go back to work yet. We are trying to buy a house but we would like to wait to receive the settlement. If the settlement is structured and paid over time will that still count towards our income or not?
Can a structured settlement be counted as income when purchasing a first time home?
byu/Romanharper2013 inRealEstate
Posted by Romanharper2013