I left home at 18 and haven't lived there since (now I am 26), but I am moving back home to help my aging parents but also to save money. I had planned on giving my parents $200 each month plus pay all the utilities, their medical insurance, and food so they wouldn't have any bills to worry about since they are having financial difficulties and can't make it with social security (they are 65 and 70). My parents owe about 10k on their house and were paying about $250 per month on their mortgage. About a year ago my sister had them change the title of the home to her name and she assumed the house payments. They agreed to do this because they were told that this way they would qualify for SSI, if they didn't own a home. Anyway, my sister TOLD ME (didn't ask or consult me before hand) that I was to pay her $450 each month. I got upset and basically told her to go to hell and that the only money I was paying was to my folks. BTW, she freeloaded off of them until she was 28.
2006-12-13 17:36:06 · 10 answers · asked by michaelwyeth 1 in Business & Finance ➔ Renting & Real Estate
I would offer the $200 you were paying your parents to live there.. After all she is paying the mortage, and you are living there.
2006-12-13 17:42:56 · answer #1 · answered by emanon 6 · 2⤊ 0⤋
Even if she freeloaded off them in the past, she's paying their mortgage now, and helping her out with that is basically the same as when you were willing to help your parents out with mortgage payments before. You're still helping to make it possible for them to keep living in that house.
However, if $450 a month is more than you can afford, you should have a talk with your sister about a compromise. Maybe you should look at prices for apartments in the area and then use that to determine how much you pay.
2006-12-13 17:56:19 · answer #2 · answered by cg17 4 · 1⤊ 0⤋
this is unfortunate. You need to discuss this with your parents because it was them that should have WILLED the property you both of you instead of just to her. My mother had 2 sibblings that freeloaded and got everything when my grandmother died about 5 years ago they got everything. And my mother was a very independent women just like how you were independent when you decided to live on your own at an early age. If your parents love you they should be the ones that resolve this problem. What they are doing is wrong. The house should be split or be in both you and your sisters name.
bottom line, get the house in your name too, and pay half the mortgage.
2006-12-13 17:41:18 · answer #3 · answered by ondreforsure 3 · 5⤊ 0⤋
You original plan seems fair and equitable. If the house note is $250 a month and you're paying $200, all utilities, food, and medical insurance for your parents you owe your sister nothing. You are holding down your fair share. She should help you with the medical insurance for your parents
2006-12-13 17:53:20 · answer #4 · answered by Lolitta 7 · 1⤊ 0⤋
Thats screwed up because she owns the home, and only owes 10 grand. For all that hard earned money goes to your sister, and now you have to pay her. I'ts like her geting double $. In my opinion, you should own 1/2 of the house and pay 1/2 of the morgage (unless you have another sibling) She is reeping the benifits! She should be nice and just let you stay there.
2006-12-13 18:08:45 · answer #5 · answered by james w 3 · 1⤊ 0⤋
Unfornately because the house was transferred into her name, she can do whatever she wants. You can refuse to pay rent, but legally she can evict you for not paying the rent, too. While you had a agreement with your parents, when she took over the mortgage, anything previously agreed is null and void. It may suck, but that's how life works unfornately. Your sister either is looking at you as a source of income, or she wants to get you out of the house.
2006-12-14 19:47:10 · answer #6 · answered by Anonymous · 0⤊ 0⤋
A nasty bit of business. If the fair market value of the accommodations is in fact $450, you could pay it, especially if sister pays utilities, taxes, insurance, and repairs. It depends to some degree on whether you expect to need to lend physical assistance to parents.
2006-12-13 18:03:46 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Yes. If you are living with her, help her pay the bills. I think $450 is step for three people (your parents and you) splitting the cost. I would agree to pay the $200 which was previously agreed to.
2006-12-13 17:39:52 · answer #8 · answered by Mariposa 7 · 3⤊ 0⤋
I think supporting your family finacially is more then enough, ask your mum and dad what the arrangements are with your sister, are they paying the loan for the house? If so it is up to them what they charge you, the fact you are paying everythign else to take care of you parents I would ask your sister for half of what it cost you too look after them, see how quickly she changes her mind.
2006-12-13 17:47:03 · answer #9 · answered by ozi_nut 5 · 1⤊ 0⤋
No I don't think I would, I would continue helping your parents and that should be adequate.
2006-12-13 17:49:48 · answer #10 · answered by Jill M 1 · 1⤊ 0⤋