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15 year old want to bye a home in there name can they

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November 21 2009 - Dearborn
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Profile picture for Bette Defarm
I'm intrigued. Are you the 15 year old? Is it your child? It would help if you fleshed out the situation...Is the person legally emancipated?
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November 23 2009
I myself put all property in my sons name thru a living trust I did seek
legal advice
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February 24 2010
A 15 year old can inherit property or be given an interest in property. They can not enter into a contract to purchase property, or anything else, for that matter.
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February 24 2010
Profile picture for bata009
its  my  son  i  want  to  keep  the  house  in  his  name  if  something  happen  to  me
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February 24 2010
Profile picture for sunnyview
I would say no since a 15 year old cannot legally enter into a contract in most cases.
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November 23 2009
could they, sure... would it be foolish for a seller to enter into a contract with a minor yep. The seller would be required to uphold the contract and the minor would have the option to void the contract since signing a contract make the contract voidable by the minor.
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November 22 2009
Profile picture for the_country_hick
As mentioned, legally the contract will not be finished due to the kids age so a seller would not sell.

Wait 3 years. We have 7 million foreclosures coming from 2010 to 2012. That means at 18 they should get an even better deal. And at that time be legally able to sign a contract that they can be held to.
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November 22 2009
Technically, they can contract if someone is dumb enough to do it, but they would be able to void it at any time. A contract with a minor is not illegal, or void, it's voidable by the minor and therefore a poor idea.
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November 21 2009
Unless emancipated, any contract signed by a person under the age of 18 is "voidable".
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November 21 2009
No. Minors can't sign legal documents like purchase agreements and loans.
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November 21 2009
 
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