Asked by Mjf31, Birmingham, AL • Fri Feb 25, 2011
Bought foreclosure for daughter, son in law, and grandkids due to their bad financial crisis two years ago so they would have low rent. They have never been able to pay any rent They divorced a year later leaving my daughter and grandkids living in the house with little income. The property taxes are of course three times higher due to not being able to claim homestead exemption. Is it possible to sell my daughter the house, but cosign and still make payments till she gets on her feet, but mainly so she can claim homestead exemtion and pay less taxes?
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