Spam prevention
Rainmaker
846,120
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

The scenario you list is a big NO, at least in FL. A minor can't be held responsible for paying taxes, condo HOA's etc. Possibly a trust would work in this case.

Nov 13, 2015 06:37 PM
Ambassador
1,527,651
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Marco Giancola has this one.

Nov 14, 2015 12:49 AM
Rainmaker
1,587,728
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Marco Giancola nailed this one!

Nov 13, 2015 11:41 PM
Rainmaker
2,332,098
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Abby. It sounds like it could be handled with a trust with the child as the beneficiary.

Make it a great weekend!

Nov 13, 2015 05:27 PM
Rainmaker
5,823,221
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

You can probably put a home in the name of the minor but the minor will not have the capacity to sell the property. This could be a bad decision.

Nov 14, 2015 11:04 AM
Rainmaker
173,468
Bruce Parker
RE/MAX Best - Highland Park, NJ

a minor can buy a house. Just can not sell it. (to sell a competant grantee is needed)

Nov 14, 2015 02:41 AM
Rainmaker
31,801
Amelia Robinette
NoVa House and Home - Frankly Realty - Falls Church, VA
Education, Innovation, Service

Definitely a legal question, refer to an attorney.

Nov 13, 2015 11:14 PM
Rainmaker
531,403
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

Last Time I heard they can buy. But they wouldn't be able to sell until they were 18 to execute a listing agreement and sale contract.

Nov 13, 2015 10:39 PM
Rainmaker
1,157,329
FN LN
Toronto, ON

You should refer the client to their real estate lawyer and other lawyers who specialize in this type of matter.  There may also be tax implications so you refer the client to their tax advisor.

Nov 13, 2015 07:17 PM
Ambassador
2,759,037
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Saturday morning Abby. I do not think that it is possible. Most states require the age of 18. Talk with your broker or seek the advice of an attorney.

Nov 13, 2015 05:16 PM
Ambassador
4,306,594
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Abby Wang I do not think it is - however, best person to ask this is the attorney.

Nov 13, 2015 03:36 PM
Rainmaker
816,802
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Abby - That is a great question. I am sure that there is a way, but each state may be different. Obvious answer, like everyone else said, is to check with an attorney.

Nov 13, 2015 03:02 PM
Rainmaker
536,820
Mark Don McInnes, Sandpoint
Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Hello Abby.  I was curious to read the answers.  Many seasoned veterans advising the counsel of an attorney.  I like it.  Mark

Nov 13, 2015 11:28 AM
Ambassador
3,985,140
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It isn't in TN. Check your state laws. They could probably set up a trust but I am not attorney and that is the person that could find a way.

Nov 13, 2015 11:25 AM
Rainmaker
1,680,021
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I would think he would have to be 18, but the laws vary in each State.  I would suggest checking with a California Attorney.

Nov 13, 2015 11:10 AM
Ambassador
4,699,999
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Good question for an attorney, but I would not know.

Nov 13, 2015 10:47 AM
Rainer
230,824
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

I dont believe ownership is an issue as long as they have ID. As long as the baby has legal residence. Im thinking something is up thou... as you do as well. Title will know for sure

Nov 13, 2015 06:19 AM
Rainmaker
2,418,090
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Is she paying cash?

Nov 13, 2015 10:15 AM
Rainmaker
3,985,569
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

You need good legal advice...I am thinking they may be able to using a trust but just a guess

Nov 13, 2015 09:53 AM
Rainmaker
1,084,454
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I don't believe so. Adults as trustee who can sign doc and notary with id

You can also ask title company.....

 

Nov 13, 2015 09:28 AM
Rainmaker
1,301,232
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Disregard my original comment, I didn't see the "just born" part.  Definitely get a lawyer involved.  This isn't normal and could be "hinky".

Nov 13, 2015 09:11 AM
Rainer
90,455
Val Evans
Scottsdale, AZ

Your client can set up a trust in the childs name and designate themselves as the trustee. It's done all the time.

Nov 13, 2015 08:55 AM
Rainmaker
4,866,742
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Abby,

An attorney can answer the question perfectly. A

Nov 13, 2015 08:06 AM
Rainmaker
784,641
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I don't think so. Could vary by state, but I think you have to be 18.

Nov 13, 2015 06:37 AM
Rainmaker
3,064,654
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Time for an attorney!

Nov 13, 2015 06:33 AM
Ambassador
2,954,754
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

my advice would be to speak with a real estate attorney about the matter. Not only buying would matter, but also selling could be an issue.  I know in my state a minor's signature on a contract makes it voidable.

Nov 13, 2015 06:22 AM