Friday, December 21, 2007

From Last December But Applicable Today

(Picture courtesy of



At December 21, 2007 at 12:33:00 PM EST, Blogger SephardiLady said...

Thank you for pointing towards an important post.

At December 21, 2007 at 1:39:00 PM EST, Anonymous Anonymous said...

The post said: Someone once asked a certain Rosh Yeshiva (in America) if he could buy a house in a relative’s name (I don’t recall the specific advantage this person had in mind, but by doing so he would benefit financially), or if it would be considered fraud and improper for a frum Jew. This Rosh Yeshiva responded, "There is no mitzva to waste Jewish money."

Let's not get carried away. It actually matters quiet a bit what the spcific benefit is. If he buys a house in relative's name to avoid losing welfare benefits, that's fraud and is illegal. OTOH, if he is doing this because the relative has better credit and will get lower interest rate, that's perfectly legal, as long as the relative understands that he is on the hook for the loan in case of foreclosure.


Post a Comment

<< Home