Legal Question in Real Estate Law in Georgia

Home purchase

Here is the scenario: 30 year old male has no credit, does not file income tax returns, but wants to purchase a house. He has 84 yr old grandfather agree to take out the mortgage on the house. The grandson's name is not on the mortgage, but his name and the grandfather are on the deed. Grandson agrees to make

payments.What happens when the grandfather dies and how legal is this? Who gets homeowners insurance, etc.


Asked on 3/20/09, 3:04 pm

1 Answer from Attorneys
Charles W. Field Charles W. Field, Attorney at Law

Re: Home purchase

Depending on how it is set up, it can be perfectly legal. Consult with a local attorney.

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Answered on 3/21/09, 9:10 pm


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