Asked by Dora, Walpole, MA • Fri Jun 10, 2011
I just recently bought my mother's condo which is in California. It was a reverse mortgage through HUD and Bank of America. I want to know how to record the deed and what the ramifications are to my mother and to myself in the future when I want to sell the home. Ten years ago it was worth $350,000, today it is worth $85,000. I paid $60,000.
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