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Posted by Marion1E on December 19, 2007, 12:58 pm
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My mom ill with Alzheimers will enter an assistant living home this
month. I want to buy her house and pay monthly interest and principal
to her plus make a 50% down payment to begin with. We would like to
keep the house in the family and it would give her enough money for
several years to stay in a nice place. How do I go about the interest
rate that I have to use and if I get the house apraised can I deduct
the realtor fee which we would have to pay if we would sell the house
on the open market--which would lower purchase price for me. Also,
since she will earn interest can I deduct the fees for her nursing
home on her return? Any information on this subject would be very
appreciated.
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