Can You Secretly Pay Off Someone’S Mortgage?

Can I pay off my daughters mortgage?

To deduct mortgage interest on your taxes, you have to be legally liable for the debt and it needs to be secured by your ownership in the home.

Instead, if you’re giving the money to your child to pay the mortgage, your child gets the deduction..

Is paying off someone else’s debt a gift?

When you pay a friend or family member’s credit card bill without any expectation of being paid back, the IRS considers it a gift.

Is it illegal to pay someone else’s bills?

No, it is not illegal to pay someone else’s bills. … In some jurisdictions the laws on bills of exchange put the debt onto the person who writes the cheque. If it bounces, then the debt becomes yours.

Can my friend pay my mortgage?

Making a direct contribution to someone else’s mortgage is the easiest way to pay the mortgage of a third party. … Whoever pays the mortgage receives the tax deduction for mortgage interest. The homeowner will no longer be able to claim deductions for payments that you made, but you will.

Can I sign my mortgage over to someone else?

Can I just take over the mortgage title? Not generally. … The only exception to this rule is if the loan is an “assumable” mortgage by the bank’s definition. This means the mortgage would have to be free of a due-on-sale clause and there would be a fee charged for assuming the home loan.

Can you sue someone for not giving you your stuff back?

File a Civil Lawsuit As your case is a civil matter, you need to file a lawsuit in a small claims court demanding the return of your personal property. You must pay the required fees and conform with the requirements before you file your case. … You should make sure to do your research before filing a civil suit.

Can you put a bill in someone else’s name?

There is no problem in putting her name on all bills – most companies are happy to take anyone’s money, however… Sometimes you need multiple proofs of address and “a recent utility bill” is one that comes up quite a bit in lists of acceptable proof – so you might want one in your name.

How can I pay off someone else’s debt anonymously?

You can make a payment on someone else’s loan or deposit money into someone else’s bank account without any consent or knowledge of the person whose name the account is in and it is perfectly legal. As long as you know what bank. You don’t even need to know the loan number.

Can you anonymously pay electric bill?

Yes its possible. Just go to the utility place and explain it to them. … So I asked the utility company and I didn’t have their accounts, just their name address and phone number. That was all I needed to pay the bill.

Can a parent pay off my mortgage?

If they give the money to you and you pay the mortgage then it was you that paid it with your money. Either way it is a gift from your parents, but once the money is given to you, you can do anything you want with it including paying the mortgage, then the mortgage payment would all be in your name.

How do I get someone else to pay my mortgage?

There are three ways someone else can pay YOUR mortgage: finding a roommate, renting out your spare bedroom via vacation rental sites, and offering your home for advertising to companies.