Legal Question in Real Estate Law in Pennsylvania

I would like to sell one of my homes in Pittsburgh pa to my daughter for a nominal amount and give her full ownership what is the lowest amount I can charge also would she be able to get a mortgage loan to help her consolidate some of her debts thank you


Asked on 4/05/16, 9:31 pm

1 Answer from Attorneys

Miriam Jacobson Retired from practice of law

Before you make any asset transfers, if you are approaching senior age, you should consult with an elder law lawyer, to make sure that you don't inadvertently disqualify yourself for assistance that you may need within the next several years. You should also ask about your own estate planning, before making any transfers.

THIS RESPONSE IS NOT LEGAL ADVICE, SINCE I DO NOT HAVE ALL OF THE INFORMATION THAT WOULD BE REQUIRED, AND I DO NOT HAVE A REPRESENTATION AGREEMENT WITH YOU.

* If the answers to your question confirm that you have a valid issue or worthwhile claim, your next step should almost always be to establish a dialog with a lawyer who can provide specific advice to you. Contact a lawyer in your county or township.

* Another reason for contacting a lawyer is that it is often impossible to give a good answer in the Internet Q&A format without having more information. The unique circumstances of your situation and things that you may not have thought to mention in your question may completely change the answer. If you want to be sure that you have a complete answer to your question and an understanding of what that answer means, establish a connection with a lawyer who practices in the area of your concern.

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Answered on 4/06/16, 3:08 pm


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