I asked my father to quitclaim his home so I can refinance. Is that wise?
From Dow Jones & Company:
A man is asking for advice on whether he should ask his legally blind father to sign over his home to him so he can get a home equity loan to buy an annuity and provide care for his sister. An expert advises it’s a bad idea financially, and it would tax the father. The man’s motivation and the potential risks to his father and his plan are questioned. His father needs the house for stability and care, and is advised not to risk his father’s stability. Instead, let his father live in peace. The man is urged to do what’s best for his father.
Read more: I asked my father to quitclaim his home so I can refinance. Is that wise?