HAHAHA, just when I thought I had heard everything, so you deed title to an infant that canâ€™t legally sign a deed, note or mortgage? What happens if they need to do something to/with the house before they become of age? And no, you canâ€™t add or subtract anything from a title you donâ€™t own, it would belong to the child. Letâ€™s see, your child gets punished someday down the road then retaliates by suing you because you did something to their house when they were an infant. A trust for the child, okayâ€¦ title to a child, HUMMMM. Grandma lives there rent free? Income to grandma? Gift tax?
NMLS # 6395
Financing Kentucky One Home at a Time... more
Alvaro, I have been very busy in the Socorro market and I believe that your estimate of about six months is right on. You don't say what the value of your home is but, keep in mind that houses under $110,000 are selling a lot quicker in this market than the more expensive ones.... more