Posted on: 11th Jul, 2011 07:57 am
Same type of question as above - I have lived for 10 years with my elderly father. He put my name on the deed immediately when I moved in with him. Now I am applying for Medicaid for him since he no longer can walk and needs more care than I can give him with my full-time job. What if I were to take out a mortgage to buy his interest in the house - of course giving those proceeds over to Medicaid?? Would Medicaid still try to take the house?? We are in Michigan........
Jennifer
Jennifer
Hi jennyjank!
Welcome to forums!
If you pay off the required amount to the Medicaid, then they won't take th property anymore. They will be getting back their dues in cash from you.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you pay off the required amount to the Medicaid, then they won't take th property anymore. They will be getting back their dues in cash from you.
Feel free to ask if you've further queries.
Sussane