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re: "Estate" Planning: 75 yr old father & his mortgage
Posted on 3/23/17 at 9:06 pm to GaryMyMan
Posted on 3/23/17 at 9:06 pm to GaryMyMan
It depends entirely upon your goals. Are you and your siblings willing and able to chip in to keep him in the house? If not, what will it cost to refurbish the house for sale?
1
Posted on 3/23/17 at 9:44 pm to foshizzle
He can afford to stay in the house on his own. He has 20 years left on his mortgage, so the odds are there's going to be a balance whenever he passes.
It would probably take $30k in work to bring it up to date.
It would probably take $30k in work to bring it up to date.
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