Is there a legal way to purchase a home under someone else's name?

Answers:2   |   LastUpdateAt:2012-09-07 00:23:03  

Question
hOrNy deViL
Asked at 2012-08-31 11:34:03
My credit is " good" but not enough to secure a mortgage loan . My brother has offered to buy a house for me under his name , but he does not want to live in that house. This would be considered a mortgage fraud , even if he puts my name on the title ? He thought of buying property as an investment property , but has revenue implications . I'm looking to put a 20% . Thank you.
Answer1rennieAnswered at 2012-09-05 07:28:04
Do not see why you can not, but the loan will be in your name so you are always responsible for the payments . I'm not sure if the lender will allow you to put your name on the title , though.
Answer2SlurkAnswered at 2012-09-07 00:23:03
Yes , you can buy a house
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