I want to buy a house, but have bad credit. Someone told me that I could buy a house in someone else's name. Is this possible? | Law Offices of David L. Leon, PC | Law Offices of David L. Leon, PC I want to buy a house, but have bad credit. Someone told me that I could buy a house in someone else's name. Is this possible? | Law Offices of David L. Leon, PC
Dallas, Texas (214) 696-0021

I want to buy a house, but have bad credit. Someone told me that I could buy a house in someone else's name. Is this possible?

Yes, you can buy a house “in someone else’s name.” However, that person will OWN your house. There are many people out there who believe they own a house that they bought “in someone else’s name.” However, when there is a problem, they quickly learn that “someone else’s name” means “someone else’s name.” Unfortunately, in many cases, they just paid for someone else’s house.

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2 Responses to I want to buy a house, but have bad credit. Someone told me that I could buy a house in someone else's name. Is this possible?

  1. Joanna Ruddell says:

    I’d like to help my daughter buy a house, but could use some advise on how best to proceed.
    I have money and credit, she has little of either and her husband has bad credit.
    I don’t want my credit ruined, and if I provide a down payment, I would like it paid back. Is it better to just buy another house and sell it to them when their credit scores improve? Or help my daughter try to buy one in her name? Her husband is the bread winner.
    Thanks in advance for your advise!
    Sincerely,
    Joanna

    • admin says:

      Never co-sign a house. You can buy the house for her, or you can lend her the down payment. She can rent from you until she gets enough credit to buy it on her own.

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