In this “Today’s Real Estate” segment, Matt Lauer interviews Barbara Corcoran about whether or not parents should lend money in the form of a mortgage to their children for a real estate purchase, how to go about it, and what tax implications may be. In New York real estate, parents assisting children with real estate is common, and not just at the entry level. I’ve had several high-end clients provide their children with recorded mortgages in the last two years. The benefit in a negotiation with a seller? In effect an All Cash deal without any involvement of a bank, ensuring a more rapid close.

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