Updated over 4 years ago on . Most recent reply
Buying home from my father
Hey all,
I just put an offer on a home and I was told by the mortgage company they could not lend on this house because the furnace is not working. My dad is saying he can come up with the cash and we can fix the furnace and then the mortgage company would potentially be able to finance me after the repair. How should I structure this? Have my dad buy it in his name and do a quit claim deed when I can finance it? Or buy it in my name with his cash and refinance? I appreciate any and all feedback.
Joel