Can my father take out a mortgage on a house and then in
6 months-1year have me take it over? There is currently a Hud home on the market that myself and my husband as well as my parents absolutely love. We are currently in the process of repairing our credit as we want to be able to buy a house soon. My husbands credit isn't high enough to even pre qualify for a loan. Mine would qualify but I do not work as I am a stay at home mom. I just began a at home party business but have only been doing it for 2 months. So if my parents were to buy the house (we would give them the money each month to pay the mortgage) so that we could live in it, is there any possible way for us to take ownership of the home once my husbands credit is in the appropriate margin?
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