Posted by Darryl on May 02, 2006 at 20:18:50:
Actually, she has a large chunk of money sitting in the bank. She may or may not ever make it into a nursing home. She currently has a private nurse.
“If you have a deal i would not get involved till after closing, she may just get confused and demand cash.”
Like any good win-win real estate deal, this is pure problem solving for the seller. The whole deal hinges on setting up the mortgage so it will transfer back to the family member. This is his inherritance he is trying to protect. If that end doesn’t wotk, there is no deal…