Posted by mikeia on October 04, 2009 at 23:25:34:
In Reply to: Re: Need money to buy home posted by JJ Smith on October 03, 2009 at 23:49:09:
Can you get a POA(power of attorney) and get a loan against the
property to fix it up and resell it. This would mean that in legal terms
you would be acting on her behalf and have the right to make
decisions and control her assets.Question two "your under pressure to get it done fast" what does that
mean? Does the property go to a list of heirs after she dies?Question 3 Can you have your mom sell it to you on a land contract
for 20k and you can find the 5k from brothers sisters or friends.I would make sure the family if any brothers or sisters knows what is
going on here before you do anything.....I mean it is your MOMS house,
you must respect her wishes.just my thoughts MIKEIA