This is an aquaintence who has cancer,and I'd like
to do this without her knowledge.Call it a secret gift.
2006-10-21 06:03:34 · 9 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Thanks people!
It gave me a start and
some good ideas.
2006-10-21 06:11:05 · update #1
Best bet, after talking to an attorney and tax advisor, is to contact a title company in the county where your aquaintance resides. They should be able to provide you with a property profile which should state the names of all registered lien holders including the mortgage companies. Then contact them directly.
2006-10-21 06:12:17 · answer #1 · answered by CMR2006 3 · 0⤊ 0⤋
I think you mean well and should do this but I do not see a way around this with out that person knowing it. And with some lenders who service the loans there is a great chance that it may confuse them unless you had the payment coupon for that month. Especially a mortgage, that is the first of any bills that people will worry about first and monitor. Try taking them out to dinner and maybe a card with a check in it and let the acquaintance manage the finance. I'm sure at this juncture there is a finance issue already and the infusion of capital will be greatly appreciated.
2006-10-21 13:19:38 · answer #2 · answered by svt 3 · 0⤊ 0⤋
Go to the loan company and pay the mortgage off. However, talk to a CPA or tax attorney first. Your gift may have considerable impact on the taxes of the person who benefits. The IRS isn't big on secret gifts to people. There is a dollar limit on how much you can give, do your homework first.
2006-10-21 13:07:42 · answer #3 · answered by jack w 6 · 1⤊ 0⤋
Well its a wonderful gesture,however if this person has children,if and when she passes the realestate will automatically go to their children even if you pay it off.If you have no interest in the home except to help your friend ,I would just tell the person what you want to do and ask them the details,they might not want to accept the gift but im sure they would appreciate it..I don,t know of anyway you could do it in secret unless you talked to a family member and Im sure they would appreciate it and not tell your friend ...good luck
2006-10-21 14:49:02 · answer #4 · answered by slickcut 5 · 0⤊ 0⤋
hmm, could you ask a family member to help you find out the mortgage company? And ask them to keep it a secret? Is there some home owner's association or other state department that could tell you that info if you told them why you needed it? Sorry, I guess that's not really an answer!
2006-10-21 13:06:22 · answer #5 · answered by Anonymous · 0⤊ 0⤋
What a wonderful person you are. You'll need to know who holds the mortgage and speak to them. Thank you for caring enough to do this.
2006-10-21 13:05:56 · answer #6 · answered by Jenyfer C 5 · 0⤊ 0⤋
Actually it's very easy to do that. You need to know where the person has their mortagage (what bank). You will need the person's full legal name and birth date, as well as their address. Make an appointment to speak with the bank manager and tell him/her exactly what you wish to do AND that you wish to remain anonymous. The bank will still collect your identification, however they will not release it to the account holder.
2006-10-21 13:13:06 · answer #7 · answered by cyanne2ak 7 · 0⤊ 0⤋
call tax accesers office to see if the mortgage company is listed,or you might just have to be a snoop and find out by lookinh through some of her things. then contact them and see if they can help you.
2006-10-21 13:07:55 · answer #8 · answered by imphilthe 2 · 0⤊ 0⤋
that's awesome
find out what bank they have their mortgage with and speak to the bank president that can help you.
2006-10-21 13:13:15 · answer #9 · answered by Marg N 4 · 0⤊ 0⤋