umma2three: "I apologize for my unclear post. Let me clarify.My sister and my mother are both on the deed. My mother orginally bought the property and a few yeas ago, my sister moved in and they refinanced the property together. They have both been living in the property, and sharing the mortgage."I am not nearly as good on taxes as Phil, but I know a little something about real estate and I am still confused. If your "mother originally bought the property," when did your sister acquire her interest ("both on the deed") in the property? Just because your sister was part of the refinancing (i.e., undertook obligations to the lender to repay money) does not necessarily mean that she owns any of the property.Confusedly, JAFO
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra