Personal Finance and Investing

bucolic_frolic

(48,319 posts)

3. Don't know much about that

Wed Mar 30, 2022, 05:44 PM

Mar 2022

From what you stated it isn't clear - "the money from both of us" - is that you and the tenant, or you and your sister? If you are paying the mortgage make sure you get the equity you intend - that isn't clear either.

If you want a referral to a mortgage at a top rated institution that has historically had among the lowest rates in the country, message me. I think both you and your sister would get the same rate from them, but do your own due diligence.

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Assumption of a mortgage by an heir after a death? [View all] moriah Mar 2022 OP

Another lawyer isnt going to do you any good. padfun Mar 2022 #1

See, I'm confused... moriah Mar 2022 #5

Your sister is entitled to 1/2 the equity in the house forthemiddle Mar 2022 #11

She's said she's in no hurry to sell, particularly because I am living here. moriah Mar 2022 #13

Back in the early 90's.. I took real estate classes padfun Mar 2022 #2

Miss, Mr., or Mrs. real estate bucolic_frolic Mar 2022 #4

Any mortgage loan is dependent on the appraisal. padfun Mar 2022 #6

Thank you bucolic_frolic Mar 2022 #9

That varies state to state padfun Mar 2022 #15

Both are possible depending on what "condition issues" means FBaggins Mar 2022 #7

Don't know much about that bucolic_frolic Mar 2022 #3

I meant myself and the renter. moriah Mar 2022 #8

Really two issues FBaggins Mar 2022 #10

Thanks for confiirming. moriah Mar 2022 #17

I am not an attorney but it sounds like you *can* assume a mortgage... dixiechiken1 Mar 2022 #12

Thanks... very much. This was what I thought was the case. moriah Mar 2022 #14

Excellent analysis and info. elleng Mar 2022 #16