Posted on: 17th Aug, 2008 03:31 pm
My Mother helped out another person with buying a piece of property, he has bad credit, she purchased the property in her own name and quit claimed 1/2 of it to him. Since then, they have stopped speaking to each other, and he is living at the property. Who is responsible for taxes and who can claim the property on income taxes?
Get an atty. This is ugly and wont be resolved easily.
Ultimately your mother has the financial responsibility since she is on the finances.
Good Luck
Brian
Ultimately your mother has the financial responsibility since she is on the finances.
Good Luck
Brian