Is there a way an elderly couple can sell their property, but live there until they pass?
Given their age and the property's location, I feel relatively certain that you could find an investor who would buy the property at a discount...
Cathedral City, CA
Estate planning Lawyer at Cathedral City, CA
Practice Areas: Estate Planning, Bankruptcy & Debt ... +3 more
Given their age and the property's location, I feel relatively certain that you could find an investor who would buy the property at a discount...
If you marry this guy, bet a prenuptial agreement!
You are on thin ice, but I basically agree with Attorney Paine. I don't think that the DRE would be concerned with a one off deal but they might..
That should not matter, especially after paying premiums for over 20 years.
You should re-fi the house. I'm sure that your uncle's lender had a "due on sale" clause in the loan which means that the loan should have been...
What immediately comes to mind is that she can divorce him, or she can make him sign a marital property agreement.
They can, because this is a community property state, but under the scenario described, they usually don't. Nonetheless, one spouse filing...
Make sure the house appraises for no more than $750,000. Otherwise you have made a fraudulent transfer that the Trustee will unwind.
If the property is appraised for over $150,000 you will need to do a full probate. If it is worth less than $150,000 you can probate by affidavit....
You need to provide more context to get a meaningful answer.