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Real Estate
Reply to "Why does Zillow say “sold” when parents didn’t move?"
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[quote=Anonymous]I’m concerned about my parents’ finances and suspect they need assistance but aren’t communicating with my brother and I. They bought a house in 2019 that they shouldn’t have, took out a mortgage for around $500k. A few months ago they were raving about how much they’ve “made” off their house… but they haven’t moved. I looked at the sold history on zillow, and the property doesn’t show as being listed ever, but now says “sold” in 2019 for $500k, and “sold” again in December 2021 for around $700k. What does this mean? Did they take out a reverse mortgage, or otherwise take cash out of their home? They asked to borrow $500 to pay some bills recently, so I’m very concerned that they aren’t communicating with me.[/quote]
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