Who owns the house?

[nextwife]

Brother could get a HELOC (home equity line of credit). The house would be appraised, she can get her 50% and quit claim her share over to him.

Although if I were him, I'd ask she pay for the costs of the HELOC and reimburse her 50% of the property taxes he paid on the property (since he paid 100%).

Doing business with family is always fun!

WE have no idea if brother's documented income, or credit, would allow him to get a HELOC.

 

[dmcc10880]

WE have no idea if brother's documented income, or credit, would allow him to get a HELOC.

True. However, it's an idea that hasn't been explored on this thread.

Whether he can qualify or not doesn't affect any of us here.

 

[dan2112]

Well, as fate would have it, the father died last week, He was sick for long time, emphesema, heart problems, etc. Really sad, I went to the funeral. He was a very loved man. No foul play or anything

Now its just them two. They talked about living together, but don't think thats going to fly. The brother is sort of a jerk and the sister isn't hitting on all cylinders.

The brother doesn't want to leave, it IS his "home", but don't think he'll qualify for a HELOC.

Anyone have any other options?

 

[HomeGuru]

Well, as fate would have it, the father died last week, He was sick for long time, emphesema, heart problems, etc. Really sad, I went to the funeral. He was a very loved man. No foul play or anything

Now its just them two. They talked about living together, but don't think thats going to fly. The brother is sort of a jerk and the sister isn't hitting on all cylinders.

The brother doesn't want to leave, it IS his "home", but don't think he'll qualify for a HELOC.

Anyone have any other options?

**A: what exactly are you seeking?

 

[dan2112]

Ideally she wants half the value of the house in cash. She knows that won't happen. She said her dad told her a few days before he died to not let her brother "rip her off".

 

[nextwife]

Ideally she wants half the value of the house in cash. She knows that won't happen. She said her dad told her a few days before he died to not let her brother "rip her off".

And what does she believe "half the value" IS and how does she beliebve she can get it (if brother is unfinancable) other than forcing a sale of the property. No matter what, real estate is not a savings account and she can't "cash it in" quickly nor easilly.

 

[HomeGuru]

And what does she believe "half the value" IS and how does she beliebve she can get it (if brother is unfinancable) other than forcing a sale of the property. No matter what, real estate is not a savings account and she can't "cash it in" quickly nor easilly.

**A: good one.