Can a family member buy a house and have another family member live in it?My brother and his wife are going through a short sale on their current home. I told them that after they sell I would buy them a home until they are able to finance it for themselves. I know it will take 2-3 years for them to be able to finance after a short sale. I have already been approved for a home purchase, but was just wondering if we can do this arrangement. Will the bank finance me if they knew what we are planning on doing? Do I even need to tell them what we are planning? My brother and his wife make very good money and are wanting to downsize, so I know there would be no problem with them making the payments.June 04 2013 - Atlanta00YesReport 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.