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10-01-2007, 05:28 PM
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ok my brother wants to buy a foreclosure house but get
this hes 16years old? any i was wonder if its even possible for him to buy a foreclosure house it kinda peaked my curiosityand i heard that its possible if he has like our parents to co sign and the house i s only 20,000and the mortgage was $171 actually inm thinking of geting it lol
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10-01-2007, 08:30 PM
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Anyone under the age of 18 cannot enter into a legally binding contract. This includes real estate.
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10-01-2007, 10:06 PM
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only if he has cash and/or someone cosigns the loan. I personally would be very wary if I were to purchase a house from a 16 year-old. In most jurisdictions, a contract signed by a minor (under 18) is not legally binding.
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10-01-2007, 10:55 PM
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to be on the deed of a house you must be 18 yrs old
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