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    jslusser's Avatar
    jslusser Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 6, 2011, 11:23 AM
    I own the house but my fiancé wants to buy it is it legal?
    He has a VA certificate and can get a better interest rate. He will buy it and it will put 35K in my pocket.
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
    Uber Member
    		  
    #2

    Oct 12, 2011, 09:30 AM
    Are you living together now? If you are, then the underwriters might be wary of the loan. If you are living separately, then there should be no problem.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Oct 12, 2011, 09:35 AM
    This should probably not be a problem as long as its handled as a business transaction. This means he needs to pay a fair market value for the property. You can't just sell it to him for the balance of the mortgage unless that is a fair value.
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