MEDICAID / SELLING A HOME

[Duane Angell]

I found a distressed property for sale.

The owner is in a nursing home and the daughter that has power of attorney wants to sell the property and put the money in the owner’s estate. Medicaid is paying the nursing home bills. Medicaid is telling the daughter she must sell the property at full appraisal value.

I know Medicaid puts guide lines in place to stop the transfer of property below “fair” market value to prevent families from keeping/hiding assets that they feel should pay the medical bills.

Is there anyone here that has firsthand knowledge of this to be true?

Can the daughter sell the house to me at what she considers a fair market value?