Daughter Assumes Mortgage Payments

A Think Glink reader asks about adding her daughter’s name to the deed of her home since the daughter has started to make mortgage payments for her parents. Ilyce discusses the implications of the daughter assuming the mortgage and how to protect both the parents and the daughter in the transaction. Ilyce mentions that there have been incidents where the children assuming the mortgage have evicted their parents. Another option is to add the daughter’s name to the house deed in addition to the names of the parents. 

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