QUESTION
I want to buy a 2 family house for my daughter & Husband. They have his and hers children and one of theirs on the way.
Asked on Dec 08th, 2013 on Real Estate - New York
More details to this question:
He pays child support for his three children (he is a patrolman for NYPD) hence not much income after he pays his child support. Daughter is an Expediter- gross income 50,000. They are pregnant. I can sell my house, take a loss of $150K and have 250K for a down payment. Location would be Staten Island NYC. My husband and I are retired. We would need a 2 bedroom apt (for my 93 y/o mom) Whose name should the house be put in? I have another daughter who owns her own home.
1 ANSWER
Matrimonial Law Attorney serving New York, NY
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Law Office of Gerry Wendrovsky
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You should consult in person with counsel, towards your representation in a future real estate transaction- better to do this now, and learn how to structure the deal upfront, than wait and risk unknown financial consequences.
Gerry Wendrovsky, Esq.- Upper West Side Real Estate Lawyer
www.upperwestsidelawyer.com
Answered on Dec 10th, 2013 at 4:11 PM