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Real Estate
Reply to "Sister buying me out of parent's vacation home"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Wonder if sister expects OP to just let this arrangement go on without any buyout. [/quote] Honestly, this is one reason that I'd like to get this wrapped up as soon as possible. The other reason is that my name is on the title (no mortgage) and if any of her friends has an accident/injury on the property (which wouldn't be impossible given their history of drinking/boating), we are the ones who would be sued because we have much deeper pockets. They are having a new boat delivered later this month, so I'm not particularly worried about them paying for the buyout. I just don't want to look like a total jerk about it.[/quote] They would sue your insurance company. If you have deeper pockets, accept what she can pay in cash.[/quote]
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