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keeping my building

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shay21067 Joined: 17 Feb 2009 Posts: 5 1.60 Dollars($)	Posted: Fri Mar 12, 2010 5:22 am    Post subject: keeping my building Like 0 Dislike 0 my mother has signed over the building to me. but she is now in a nursing home for health reasons. her health benefits have exhausted, she has a house, and her name is on a second mortgage she took out , on the building i live in. i pay the mortgage every month. will they try and put the building in with her house as assets. what chance do i have to keep the building. my credit is not great, but i seem to have a good standing with the bank. (where the mortgage is).
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Sat Mar 13, 2010 2:44 am    Post subject: Like 0 Dislike 0 If the property is in your name, then it would be considered as your property. The nursing home won't be able to consider it as a part of your mother's asset. Thus, as far as I can understand, you would be able to save the property if you are paying your mortgage on time. _________________ Good is the Enemy of Great.

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