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Eldercare
Reply to "Elderly in-laws refuse to sell house that needs $200k of work, are out of money, can’t get loan"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]would they sell you half the house for less than market value so you can fix it up and allow them to live there until they pass? With the agreement that you inherit the house entirely at that time?[/quote] The bigger issue is we don’t want the house or anything to do with it. We don’t even own our own house yet and we don’t want the liability of theirs, even if it may be “deal” at some point. Just not an option. [/quote] I don't understand how it is a liability? And if you don't own a house yet.... but you are able to get one for half off, that's a good deal. As an investment/flip. You don't have to live there. [/quote]
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