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Socorro : Real Estate Advice

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  • Local Info0
  • Home Buying1
  • Home Selling0
  • Market Conditions1

Activity 3
Wed Jun 19, 2013
Jim Simms answered:
HAHAHA, just when I thought I had heard everything, so you deed title to an infant that can’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 can’t add or subtract anything from a title you don’t own, it would belong to the child. Let’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, okay… title to a child, HUMMMM. Grandma lives there rent free? Income to grandma? Gift tax?

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
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Mon May 24, 2010
Robert Greenblatt answered:
Hi Angela. You can try any of the major lenders. Most will require a down payment of apporximately 50%.

Robert Greenblatt
Keller Williams
Cherry Hill, NJ
0 votes 1 answer Share Flag
Fri May 21, 2010
Mike Alvarado answered:
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
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