Posted by michaela-FL on May 24, 2006 at 17:11:46:
Is the mother’s stay in the assisted living facility paid for by medicaid/medicair? I read an article a few months ago, that they are getting tougher in seizing property owned by people that had been taken care off by med. I believe it was for values above 60 or 70k. And even retroactively negate those sales. They’ve always had the right, but supposedly they’re going to enforce it more. If the 60 or 70k number is correct, then you may want to bring that up in your discussion to keep them thinking and keep the number low.
What about a short-term (12 months) owner-finance? That’s not that long and gives you time to either rehab, resell, refi whatever. That’s not that long and
might be faster than listing it at top $ with a realtor and having to sit on it.