SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Live2Sail who wrote (83941)8/8/2007 12:46:03 PM
From: GraceZRead Replies (1) of 306849
 
As long as the money didn't come from "Uncle" Vito. They make buyers show the history of where that money came from (it had to be sitting in somebody's bank account somewhere, it can't be borrowed) and sign a gift letter.

I've lost track of the number of people who asked me if it was legal to park money in their kid's account so the kid could show a paper trail on money they were using to fund a down payment on a house when the kid was borrowing from some other source. Shenanigans in buying that first house have been going on forever, it just usually didn't involve the banks until recently.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News