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Updated over 9 years ago on . Most recent reply

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59
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17
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Jane George
  • Residential Real Estate Agent
  • Fort Worth, TX
17
Votes |
59
Posts

Can a cash buyer buy in his mother's name?

Jane George
  • Residential Real Estate Agent
  • Fort Worth, TX
Posted

I'm an agent in Texas. An investor contacted me wanting to buy a house using his money but buy in his mom's name (her on the deed, not him). She is okay with it and he has the money, I have seen his bank statement. He is not gifting the money to her. He is buying to rehab and re-sell. Is this legit?

Most Popular Reply

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

As long as She signs the contract and closing doc.s, I would think.  Ask your title co.

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