Updated 6 days ago on . Most recent reply
Loan Takeover & Proceeds
Good morning. I have an odd question but hopefully y'all can shed some light on this. I have my house listed for sale & my mom is wanting to buy it. I thought, maybe, she would sell her house & take over my loan for my house. Then, she would be giving me the proceeds from her sell, to buy my next house. What would be the best way to do this so no one is killed in taxes and it becomes as clean as possible? Trying to avoid her buying my house with the crazy loan and interest rates out there, but me not losing out on the proceeds for when my house does sell.
As always, thanks in advance!
Josh