I'm trying to protect the house/my investment in the event that my mother needs to go into a nursing home.
Real Estate Attorney
That will first be up to your Lender, and if your Lender agrees, then the two (2) of you need to expore the "pluses and minuses" of doing so.
Real Estate Attorney
I would suggest contacting an elder law or estate planning attorney in your area. There may be a risk in doing this, and there may be better ways to accomplish your goals. The Find a Lawyer tab at the top of the page allows you to search by practice area and location.
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You may certainly pool your money and buy a home with you listed only on the mortgage - assuming that you qualify for a mortgage on your own.
As to the second issue, i.e., protecting assets in case your mother will need long term care, as my colleagues have suggested, you should consult a local estate planning / elder law attorney who can best advise you and your mother as how to best protect your assets.
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