want to know about quit claim deeds in GA to add me to father's property but not the loan was told by the bank that holds the mortgage that would help keep house out care homes hand in case something was to happen to him. The bank said if I got one and if something happens to dad (dies) the loan would be mine and I waouldn't have to get my own just finish paying off his
Answered on: 3/30/13, 5:04 pm by Glen Ashman
Your post makes almost no sense as posted but I gather you are trying to get added to your father's land as a co-owner. That carries numerous potential problems - including Medicare and Medicaid lookback rules, federal gift tax returns, due on sale clauses, etc.
See a lawyer with details to discuss the pros and cons.
Did you find this answer helpful?
0 Users found this answer helpful.
0 Attorneys agree with this answer.
Ashman Law Office 2791 Main Street EAST POINT Atlanta, GA 30344► Other answers from this attorney