Can I buy a house under someone else’s name?
While there is generally nothing illegal about buying something for someone else, large purchases can be a different story because they oftentimes require financing from a bank. … When an individual applies for a mortgage, the bank’s presumption is that the individual is going to be making the payments.
How do I buy a house with no name?
If you want to buy a property anonymously, you can still write an offer for it in your name. All you have to do is fill out a vesting document with that offer once it’s in escrow. The two most common ways to hold title is as a family trust or an LLC.
Can someone put your name on a house without you knowing?
Today’s question is is it possible to deed real estate to someone without them knowing it? Strictly speaking, the answer is no. Because it does not meet the acceptance “element” of a valid deed transfer. Us lawyers must learn to speak in elements because it governs everything that we do.
Does a deed mean you own the house?
A house deed is the legal document that transfers ownership of the property from the seller to the buyer. In short, it’s what ensures the house you just bought is legally yours.
How do you hide ownership of property?
A Land Trust is a simple inexpensive method for hiding the ownership of real property. A land trust can be setup as an irrevocable living trust used to title ownership of real estate. Title to the property is held in the name of a trustee, who is forbidden to reveal the beneficial owner.
Can you buy a house without the seller knowing who you are?
The short answer is (drum roll please)… not perfectly, but you can make it difficult for anyone to figure out who really owns your property. That said, it’s pretty easy to buy real estate anonymously. Anyone can use an associate’s name (a “nominee” in legalese) on the contract of sale.
Can you hide sold house prices?
When an agency marks a listing as Sold, they can choose to display or hide the sold price.
Is it possible for someone to steal your house?
House stealing may sound scary, but it’s actually quite rare. Sometimes called mortgage deed theft or title theft, house stealing happens when a criminal uses forged documents to fraudulently transfer your property deed into their name.
Can my name be removed from a deed without my consent?
In general, a person cannot be removed from a deed without his or her consent and signature on a deed. … A title company will search all transfers to certify the record owners and those with an interest in the property will be required to execute the deed to the purchaser.
What does it mean if my name is on the deed but not the mortgage?
If your name is on the deed but not the mortgage, it means that you are an owner of the home, but are not liable for the mortgage loan and the resulting payments. If you default on the payments, however, the lender can still foreclose on the home, despite that only one spouse is listed on the mortgage.