Legal Question in Real Estate Law in California

My younger sibling is buying a house, he's engaged (to be married within 12 months), he asked for financial help, I agreed to assist with gifting $150k, my sibling's finance is going to cosign with my brother, I have asked to be on title

I would like to know what the ramifications would be given the above scenario?


Asked on 11/15/21, 6:07 pm

1 Answer from Attorneys

Well for one thing you need to decide if you want to make a gift (I HATE "gifting") or if you are making some kind of loan or otherwise intending to get your money back. If you are actually making a gift it would not be appropriate for you to be on title. Second, it's unclear what you mean by "cosign." On the loan? On title? Both? In short, way too many variables not established in your question to answer it.

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Answered on 11/16/21, 10:44 am


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