Tag Archives: Mom

Transfer/Purchase of home ownership, with no tax implications to “seller”?

Posted on January 31, 2011 by admin

Candice asked: My grandparents bought a home in 1993 for my parents in cash, no open mortgage. Home is in grandparents name. My parents are divorced and my mom lived in it for 10+ years until January when she passed … Continue reading →

Posted in United States | Tagged , , , , , , , , , , , , , , | 4 Comments

My mom is in a middle of a divorce and stuck with a huge mortgage, what should she do?

Posted on May 19, 2010 by admin

vandit asked: Mother is in middle of divorce, may be stuck with a huge mortgage + HELOC loan attached. The home has no equity left, since they’ve refinanced twice (big mistake) in the past plus sinking home prices. As far … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , , , , , , | 4 Comments

can a reverse mortgage be paid back before death?

Posted on March 21, 2009 by admin

bren1999 asked: We went to the bank yesterday to find out about loan options. My Mom is 80 years old and is almost broke. The banker told us that we CAN make monthly payments on a reverse mortgage. But I … Continue reading →

Posted in Credit | Tagged , , , , , | 1 Comment

Can you take your name off a home that you cosigned for?

Posted on January 28, 2009 by admin

Team Tyler’s Van asked: My husband cosigned a 50,000 home equity loan for my mom n law’s house.Mom is schizophrenic and can’t pay the mortgage the bank wants to forclose on her.My mother n law doesn’t want to sell the … Continue reading →

Posted in Credit | Tagged , , | 11 Comments