Kamis, 26 April 2012

Can my brother purchase a house on my behalf?

Question by coldcity80: Can my brother purchase a house on my behalf?
I have bad credit because of unfortunate circumstances. I'm working on building it back up, but I'm not able to obtain a mortgage loan. Can my brother purchase a house on my behalf, or is that illegal? I will take over the monthly payments (principle, interest, taxes, insurance). However, my brother is a little reluctant, saying that it's fraud. He'd rather purchase the home as "investment property".


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