no they cant if they are under 18
It is fairly common for parents to lend money to their children to buy a house, especially in situations where the children may not qualify for a traditional mortgage or need help with a down payment.
They either become tenants in common or they sell the house. Then they would split the proceeds three ways. Or one of the children can buy out the other two children.
It's not illegal for a child to buy a house. It would be difficult bordering on impossible, though, because children are generally not regarded as competent to enter into a contract.
buy a house
can you get a grant to buy a house
Go camping, boating, hiking, traveling, buy a house, have children, work, pay taxes.
The house would have been left subject to the loan. Either the estate has to pay off the loan or sell the house. Once that is done, then the assets can be distributed. One of the children could obtain a loan and buy the house from the estate.
how aplay for a grant to buy a house how ken i get money to buy a house how aplay to buy a house how to aplay
The home should be valued at "fair market value", which is the value that a willing buyer and willing seller would set the house at, assuming they each knew all applicable facts. The spouse can buy out the adult children under some circumstances.
The children meet at Mike's house.
no - you can only buy a house with money
you cant buy a free house ;~;