Foreclosue Question

[javamanNC]

What is the name of your state?North Carolina

A friend of mine lost his house to foreclosure. The land the house was on was given to him by his grandmother. The only right of way to it is through her property. She is attempting to buy the house back in her name with my friend actually making the payments. My question is, if they do this what happens when the grandmother dies. She is in good health but 81 years old. I doubt she will live long enough (30 years) for the house to be paid for.

Thanks for any advice.

[seniorjudge]

Originally Posted by javamanNC

What is the name of your state?North Carolina

A friend of mine lost his house to foreclosure. The land the house was on was given to him by his grandmother. The only right of way to it is through her property. She is attempting to buy the house back in her name with my friend actually making the payments. My question is, if they do this what happens when the grandmother dies. She is in good health but 81 years old. I doubt she will live long enough (30 years) for the house to be paid for.

Thanks for any advice.

You need to ask grandma your question: My question is, if they do this what happens when the grandmother dies?

She's the one in the driver's seat.