Q&A

Can you use a fake name to buy a house?

Can you use a fake name to buy a house?

No. A fake ID is an illegal item. Use a made-up name.

Can you buy property under a pseudonym?

Absolutely. As long as it is for legitimate reasons (not to avoid creditors, fraud, etc.) You can form an LLC or family LLC to hold real estate.

Can you sell a house not in your name?

You can’t sell property that you do not legally own. It can only be sold by the person on title to the property or their legal representatives. If you are not an owner of a house, you can’t just sell the home.

Can you get scammed buying a house?

Real estate scammers often pressure home buyers to send over money or personal information right away. They may use a sense of scarcity to make you believe that you could lose out on the house if you don’t act immediately. In a typical home buying process, your real estate agent will make an offer.

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How do you hide ownership of property?

A Land Trust is a simple inexpensive method for hiding the ownership of real property. A land trust can be setup as an irrevocable living trust used to title ownership of real estate. Title to the property is held in the name of a trustee, who is forbidden to reveal the beneficial owner.

Can you buy a property on behalf of someone else?

Yes, you can buy a house for someone else, but it may not be the best option for you or the other person. If you want to provide a worry-free home for another, then there are choices that might be financially and legally more appropriate.

How do I buy a house and keep my name private?

The three most common ways to hold title to property for enhanced privacy purposes is either through an LLC, a revocable trust or realty trusts, also known as “land trusts” or “nominee trusts.” The main attributes of these structures, often referred to as privacy vehicles, are explained below, but it is important to …

Can you sell a property if you are not the registered owner?

If you are looking to sell your property which is currently unregistered, you will need to produce your original deeds which prove your ownership. These can sometimes be held by lenders if the property has ever been subject to a mortgage.

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What happens if you are married & The House is not in your name?

Real estate owned prior to marriage remains separate property. If your name is not on your home’s title for these reasons, you would not own the home; neither would you be held responsible for loan repayment or any other lien placed on the property, even if it resulted in foreclosure.

How can you tell a fake buyer?

Buyer offers more than the listed price for an item

  1. The buyer making an offer above the asking price to cover ‘agent fees’ or miscellaneous extra shipping fees, often abroad.
  2. The buyer makes an over payment by mistake.
  3. The buyer really wants the item and is willing to be generous.

Can someone steal the deed to my house?

If someone steals your property title, a lot can happen. The thief could sell your property or refinance it, not pay the mortgage and allow it to enter foreclosure. The theft of your deed is the result of identity theft. Criminals are using your identity to steal your home.

Can you buy a house without the seller knowing who you are?

The short answer is (drum roll please)… not perfectly, but you can make it difficult for anyone to figure out who really owns your property. That said, it’s pretty easy to buy real estate anonymously. Anyone can use an associate’s name (a “nominee” in legalese) on the contract of sale.

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Do people who buy fake designer goods really ruin the industry?

Every time a new haul of fake designer goods is seized we’re told that the people who buy them are ruining the reputation of brands, stealing revenue from companies, contributing to an unethical labour market and subsidising organised crime. But is this really the case?

Why did the realtor assign the sale to the buyer himself?

The realtor that was representing him had coerced the buyer into assigning the sale to the realtor himself for a discounted price because he fearfully convinced the buyer that he would have difficulties keeping his financing from the lender.

What do investors look for when buying a property?

If the interested buyer is an investor, they might see your property as highly valuable to resale. Investors tend to look for low cost property or properties that appear distressed. This is because they can usually buy it for cheap, fix it, and then resell for a profit.

Can a realtor assign a property to themselves?

Assigning to yourself is a clear conflict of interest, the realtor did not try to market the assignment to anyone else, and the sale amount was $100,000 less than market value! He also forged the seller’s signature to convince the buyer that it was OK to assign the property.