Buying a home with 100% cash - gift from foreign relative?I am interested in purchasing a HUD foreclosure with 100% cash. The sitaution is the cash will be a gift that will be wired to me from a foreign relative. So I am assuming since they are not a USA citizen there will be no tax implications.Do I still need a notarized gift letter since there is no mortgage involved? Are there any other documentation requirements for this?April 04 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.