I would like some info about buying a home on contract from a relative.?

Credit and mortgage advice Forums Buying Your Home Buying Your Home I would like some info about buying a home on contract from a relative.?

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      Anonymous
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      I have a relative that is about to lose her house. (can’t afford payments and can’t refinance) I can afford to make her payments but have been turned down for my own mortgage. It has been suggested that we enter into a contract for deed and once her mortgage has been settled I would be able to transfer the deed to me.
      Trust is not an issue. The legality of such a situation and ensuring that everything goes without a hitch are what concerns me. Any information on ways to go about this would be very helpful.



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