Wholesale deal with a twist!! Please help

[Mike Nelson]

Ok, so I got the address to a property while driving around a particular neighborhood. To make a long story short, the lady who inherited the house (husband died in 1998) from her husband is now in a nursing home with althimerze (spl). The property has been vacant for two years now, a friend of her husbands has power of attorney for her.

Me and the guy with POA talked and he was interested in selling the house for her. Then when he found out that he would not be able to receive the money and that all proceeds would have to go to the nursing home, he then backed out and said he would no longer sign his name to anything.

My question for you guys is, how do I make this work? I know I should fall in love with any particular property but I think I can get this property for a GREAT DEAL...

[Paul Sullivan]

If I can just weight in with one more opinion . . .
Definately speak with attorney who knows medicare regs. While I'm new to real estate, I know a thing or two about medicaid, and I'm with Bill on this one. Medicaid is like welfare, you have to qualify with a certain lack of countable assets; ie, you're broke. Selling this woman's home converts it from a non-countable asset to a countable asset (cash), dis-qualifying her from receiving benefits. Even if you transfer it out of her name, you could trigger (in most states) a 5 year "look back" period, still making it a countable asset.
Frankly in my opinion, selling this house while this woman is still alive is actually doing her, her family, and the POA guy, a disservice.