 My friend has 2 mortgages on her house? What does that mean? |
She has two mortgages on this over $300,000 house.
What does that mean?... |
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| I have one month to go before vacating the current property. The estate agent/ landlord keeps sending people to see the property day by day. Never want to be annoying, I understand it is reasonable, ... |
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| I want to sell my uk house but it's value is less than all the secured loans on it. My internet research suggests to my horror that my lenders can stop the sale from going ahead. Is this true?... |
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| I work as a software engineer here in the UK, if I were to move to the US, would I ever be able to afford a house like that (or like the one Robert De Niro has in 'Meet the Parents') just ... |
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| I currently live with my grandmother, with intentions to move into an efficiency within the next year. At $35k a year, in southern NJ, is this possible?... |
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| im gonna be short , we (me and my damliy) will come to USA in next 9 monther , i talked to my uncle in USA and he tell me that i can earn 8$ in hour thats for minimum , so i try to buy a computer ... |
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 Are they real? |
on tv im seeing some programs which talk about getting good checks after following some old fat guys secret to real estate
many people say they get up to 10 000 after only a few days on the net ?... |
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| When my roommate moved in we signed a contract that I type and we signed it as a legal dacument, it say that the security deposit was not to be used as his last month rent, because it was to cover ... |
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We bought a home 3 years ago and are trying to make changes to add appraisal value to our home. We have a inground pool, 4 acres, Nice house.
When we moved in there wasn't much ... |
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 Sale of house? |
| my ex partner and i have split up , we bought a house together, i put a large deposit down , we are both on the mortgage and title deeds, if we sell the house , is she entitled to half of the equity ?... |
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| My rent is $720 and in the column to write it out, I wrote by accident "Seven hundred and thirty dollars". Now my landlord says that I am late and has put an eviction notice on my door but ... |
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| I Have been living where I stay for 4 months, I sent my landlord 2 money orders totaling 5 months worth of rent, which includes security deposit, now I am leaving just short of 4 months, and I would ... |
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 I'm leaving my apartment, but I need more than 30 days to do so...(read on)? |
| I've decided not to renew the lease and I am going to move elsewhere for better location and quality. I asked the manager if I could give her a notice to leave the apartment that is more than 30 ... |
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| I am 24 years old and I recently was living in rented accomodation with a friend of mine paying £300 a month. I make an ok income but not a great amount but could in no way afford a mortgage which ... |
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 Would I be able to buy a house, someday? |
| . My income is about 35,000 a yr. Im renting an apartment where I pay 1,075 and Im able to keep up with my rent and bills. Most of my friends have their own home and for some their mortgage payments ... |
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| i am hoping to put my house on the market with a month and i have read in a newspaper that the house prices are going to drop is this true ? i have to sell due to money problems and the house i live ... |
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 Good, Affordable Places to live? |
| My Husband and I work for the same company and just found out that we are being laid off - our last day is October 2nd. We live in Seattle, WA and have been living here most of our lives. The cost of ... |
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 I was behind in my mortgage payment. Now the bank is refusing to take my money. Is this legal? What can I do |
| First they said I had to catch it up. Then they threatened me with foreclosure. Now they say they will work with me, but are waiting on some paper to cofirm that I have no other liens against the ... |
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 Me and my husband just rented an apartment. the owner currently pays the light and gas in the apartment...? |
| but since we are moving in he said we needed to change the ligh and gas to our name or they will cut the service.... how do we do that without having it cut until its all processed???????...... |
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ARLENE C | If someone gave u a house and she goes into a nursing home how long do u have to have it in your name before? |
the nursing home can touch it |
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(:♥TayLee♥:)
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I have heard of this before, If I'm not mistaken it's at least 2yrs. |
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Rich Z
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I think it was raised to 5 years (used to be a 3 year look back). |
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Robert W
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Some of the answers on this page are ridiculous. It just goes to show how many people on here answer these questions without knowing anything about the subject.
If a family member gives you a house, the house is yours. No government or other agency can take it away from you in regards to her.
The nursing home itself has nothing to do with the tangible assets of a patient. This is an issue with Medicaid.
However, what can happen is how Medicaid will handle the expenses of your relatives care. The federal government has laid down basic rules on how each state can manage the Medicaid money it gets. This includes how much money in each month the patient is allowed to have. This includes retirement income, CD's, insurance, any other incomes, tangible property in the form of real etstate and other, etc.... Let's say your talking about a patient who is a resident of West Virginia. The monthly amount is $2000. The resident cannot exceed that amount in a monthly period. So, to put it simple, you cannot have more than $2000 a month in assets of any kind. If your assets go over that, Medicaid will deny you services until that amount falls to $2000 or below.
So, lets look at the house. In most cases the property has a look back period. 3, 5, and 7 years are standard according to what type of asset were looking at. From bank accounts, to real estate, to vehicles, etc... different things fit into different time categories. If the house was sold within the look-back period, Medicaid usually says someone will be responsible for that amount of the patients care. So, if the house was "fair market valued" at $50,000. Medicaid believes that money should be somewhere. No matter what the house actually cost or was sold for. On the bright side, in most cases it is obvious that money is not available, and Medicaid overlooks this. Why, because they cannot deny someone medical care in regards to current finances as long as their current assets fit into the Medicaid program. Of course, each state is slightly different in how they handle these things and it would be best for you to contact your local Department of Health and Human Resources and talk to a Medicaid worker to see what your states actual rules are governing Medicaid. |
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live75
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Actually- it's Medicare that takes it in a way. All assets must be transferred 5 yrs before, so that Medicare will pay for long term care. Otherwise, they have to be sold. The exclusion to that is that if a spouse is living- the house and assets do not have to be sold at that time. |
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Karrien Sim Peters
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The day she signed the contract that said they could take the house if she didn't pay her bill. You should put it in your name quick. They will try to take it. |
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Colly
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You need her to transfer deed and affadavit of title to you. A lawyer can help you with this. |
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leets69
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If the house is donated by a properly executed act of donation then the title transfer is immediate. |
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Exoilfeildtrash
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Gotta have a bill of sale.Title. |
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Harmon
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If its in your name they can't touch it, its yours not her's
Talk to a lawyer if you feel uncomfortable with it, a lawyer can tell you exacts in the law. |
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