Posted on: 31st Oct, 2009 09:33 am
My uncles were losing their house because the taxes aren't paid. There up in age and sickly. The house was willed to them from their mother, who is my grandmother, now deceased. The house is paid for. No liens, no loans. (no one lives in the house, it need lots of works). They would prefer to loose the house than deal with me, their niece. They have no real income and they can't afford the upkeep of the property. I offered to pay the taxes to avoid tax sale. In which I did just that. I told them that I will sell the house for them and give them 60% and I will take 40%. They disagreed, however, I paid the taxes not to lose it. My uncles are between the ages of 69 and 75 and almost out doors. I want to sell the house for them and make a profit and at the same time give them 60% of the proceeds so they will be comfortable. Lawfully, where do I stand in the court of law?[size=12:61d12726b3][/size:61d12726b3]
Where can I get a warranty deed from in my area?
Your Uncle's are perfect candidates for a Reverse Mortgage. They could use some of the cash-out to pay you for the back taxes you've paid, and also fix up the house. Then use the remaining equity to receive a monthly check, tax free, so they can continue to afford to maintain their home.
