POSTED BY July 7, 2014 7:10 pm ONE COMMENTON
I was wondering if i can avail a home loan to purchase the property from my mother? I would also like her to be the co-owner in the process.
12 years ago, because of hardship my dad sold the house to a close relative(Aunt) but the house has remained on my mother’s name. Technically this house still belongs to my mother since the ownership was not transferred as a goodwill gesture by my Aunt. Now, I want to purchase the house back for my mother from my Aunt(She is OK with it) .
Is is feasible to get a loan to buy this house from my Aunt (although technically from my mother)?
Is there a way my mother can still remain a co-owner of this property.
P.S: This house is debt free.