Legal Question in Real Estate Law in California
can you buy a house and put the title in your name and the loan on someone elses name
Asked on 12/12/11, 7:02 pm
2 Answers from Attorneys
Anthony Roach
Law Office of Anthony A. Roach
I doubt it. The lender will want a deed of trust securing the loan, signed by the person who is acquiring title in the purchase.
Answered on 12/12/11, 10:07 pm
Not with any lender I've ever heard of. What lender in their right mind would make a real estate loan on property that the named borrower doesn't own? That's just an unsecured loan, not a real estate purchase loan.
Answered on 12/12/11, 10:09 pm