How do I avoid her creditors putting a lien on my house?
My Mother is currently on my mortgage/deed to my house, however, she no longer lives with me due to medical conditions. She now requires more care and will have to move into a retirement home, therefore she will not be able to pay her credit card bills and loan payment because all of her pension money will go to the retirement home….what happens to my house? how do I avoid her creditors putting a lien on my house? Posted from: Ontario
The facts appear to be that your mother owns half of the house. She also has credit card bills and loan payments. If she cannot or will not pay the debts, the creditors are entitled to legal recourse. This could result in judgments being filed against the property. One of the solutions is for her to sell her half of the house with the proceeds being used to pay her debts. In that you own the other half of the house you might be the obvious prospective purchaser. Alternatively you could put the house up for sale with her half of the net proceeds used to pay her bills.