My husband and my mom and I have lived together in the same home since 1979. At first my mom paid most of the bills. For the last few years we have paid for everything. We are probably going to sell in about 6 months and I need to know 2 things. One: do we have to show a 50 50 split on our government report? Two: Mom is looking at HUD housing and with the (supposed) profit from selling the house and the small social security and pension she collects, she would be about $200 too high to qualify for Hud housing. Since my husband has been paying all of the mortgage payment and bills for several years (even though the names on the title are mine and my mom's), does she have to show an increase in her tiny income?
2006-09-15
02:52:37
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3 answers
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asked by
rmcampion
2
in
Renting & Real Estate