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I know don't know where she found this guy. She want to put money in my account and then purchase it back from me after its in my name. I don't know how this IRS thing will work. It will be in my...

Wow... wonder why broker telling her it is legal. Thanks for info!

But she did say that I would need to keep money in my account for a month. I know my bank would have to report to IRS.

Her house is worth 324,000 but the bank said they would settle and let her pay off if it's a quick sale for 192,000. I don't understand it myself but she just lost her husband just wanted to help...

I meant pay taxes on it? I don't have that kind of money and we own a home.

I have a friend that live in California that wants me to purchase her home and sell it back to her. She said a broker said she would save money. The purchase would be cash both ways. Also would I...