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Home > Money & Services > Mortgages   »   primary residence

 
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Old Sep 17, 2007, 01:19 PM
ajsteacher
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primary residence

About a year ago, I purchased a home in Missouri after the bank foreclosed on my mother's home. She lives with me now at the new house. I have recently decided to move and possibly get married. I would like my mother to be able to continue living at the house if possible. I don't believe that she has the credit necessary to purchase the house. I think my documents state that I must maintain the home as my primary residence, but I'm wondering if there are ways around that. I need help knowing my options and how I can maintain the home for my mother to live in without my living there, as well. The payment would have to be affordable for her, though I may be able to provide some assistance on a monthly basis. I'm also concerned about what this will do to me concerning my taxes. Any help or information would be greatly appreciated.

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Old Sep 17, 2007, 01:28 PM   #2  
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how do you hold a mortgage?
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Old Sep 17, 2007, 01:31 PM   #3  
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Quote:
Originally Posted by swabby232
how do you hold a mortgage?

I'm not sure I understand your question.
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