Legal Question in Real Estate Law in Connecticut
house
my grandmother has alzeimers and lives in her home(payed off in 70's) and me and my brother take turns helping her. can i buy her home or get a reverse mortage with her living there??
2 Answers from Attorneys
Re: house
Do you have a power of attorney? If you don't, does anyone? This information will be helpful in determining whether your grandmother can sell her home to you.
If you need assistance, you can email me at [email protected]
Re: house
If your grandmother has Alzheimer's it depends how far along she is as to whether or not she is competent to deed you the house or to take out a reverse mortgage. If she isnt competent, she would need a conservator to conduct either transaction. If she is competent, she is free to sell you the house and retain a life use.
Feel free to call me. I am away until Monday but will be back after that.
Jim
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