I'm in the unhappy position where mom died 11 years ago left the house to my sister and I. She had moved in to take care of mom during the last 6 months of her life, (before that she was living in a van with her girlfriend).
After mom died, she was ready to sell the house, but knowing my sister was earning $20k a year, I ask her, "where are you going to be able to live any cheaper than mom's house?"
So, for eleven years, I have received no rent, she hasn't the income to buy me out, I don't want to force a sale, she's 66 and financially things are not going to get any better. I ask her son to buy me out, as he may get the house when she dies, he wasn't interested.
I think it's time I just write this off, and reduce my liability.
Oh and last week I received a letter from the insurance company, they are not going to renew the insurance unless she replaces the roof, and repairs the soffit, fascia and siding on the garage.
Eleven years ago, she wouldn't split mom's bank account, because she needed that to fix the house, I hope she still has that money, but I doubt it. She had her name on mom's bank account, so legally, it was her money.
After mom died, she was ready to sell the house, but knowing my sister was earning $20k a year, I ask her, "where are you going to be able to live any cheaper than mom's house?"
So, for eleven years, I have received no rent, she hasn't the income to buy me out, I don't want to force a sale, she's 66 and financially things are not going to get any better. I ask her son to buy me out, as he may get the house when she dies, he wasn't interested.
I think it's time I just write this off, and reduce my liability.
Oh and last week I received a letter from the insurance company, they are not going to renew the insurance unless she replaces the roof, and repairs the soffit, fascia and siding on the garage.
Eleven years ago, she wouldn't split mom's bank account, because she needed that to fix the house, I hope she still has that money, but I doubt it. She had her name on mom's bank account, so legally, it was her money.