Answer by
CarlSCansino (464)
The answer to this question is yes, however there are some states that are really scrutinizing these real estate transactions and looking at them as potentially fraudulent and possibly can be considered mortgage fraud. Georgia is one of these states. As long as the down payment is truly a gift and not some sort of sham, then it is legal.
All legal gifting programs should have a state of the art system that is tracking all cash gifts in the activity. This helps to ensure that no one is being scammed, and that all cash gifts get to the appropriate people. add a comment