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re: Possible to pay off someone's mortgage anonymously?
Posted on 3/16/12 at 5:08 am to Jim Rockford
Posted on 3/16/12 at 5:08 am to Jim Rockford
quote:Yes. They'd be subject to significant tax considerations depending on the size of the gift though.
Hypothetical: Suppose you're sitting on a lot of money and decided you want to pay it forward/be a philanthropist or whatever. Would it be possible to just walk into the bank and pay off a friend, relative or total stranger's mortgage? In particular, could you do it anonymously and/or without their permission?
1
Posted on 3/16/12 at 8:21 am to NC_Tigah
Walk in to bank...make all but last pmt...next time they receive statement or go to bank(with most teller systems) it will inform them of it and will need the final payoff request amount.
I think they would be happier than you could imagine with only 1 pmt left.
I think they would be happier than you could imagine with only 1 pmt left.
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