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At 70, I Quitclaimed Half My House to My Grandson After He Promised to Take Care of Me — He Sold His Share and Left Me With the Full Mortgage

At 70, I Quitclaimed Half My House to My Grandson After He Promised to Take Care of Me — He Sold His Share and Left Me With the Full Mortgage

A 70-year-old woman who has lived in the same house for nearly 30 years has put her grandson on the deed to the property, giving him half ownership. The grandson, who is 34 years old, promised to help her with daily tasks and care if needed. The home is worth around $360,000 and the woman still owes $118,000 on the mortgage. However, the grandson later sold his half of the property to a real estate investor for $85,000.

Now, the woman is left responsible for the full mortgage, property taxes, insurance, and maintenance costs.

Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at finance.yahoo.com →

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