Legal Question in Real Estate Law in Virginia

We live in Virginia and are trying to help our daughter buy a condo. Have the real estate laws changed so that we now can't get a load so the 3 of us could be on the mortgage? Would it have to be considered an investment since we all wouldn't live there, only our daughter?


Asked on 2/06/11, 5:45 pm

1 Answer from Attorneys

Michael Hendrickson Law Office Michael E. Hendrickson

Yes, it would apparently have to be considered an investment property for tax purposes for you and your spouse.

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Answered on 5/03/11, 8:24 pm


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