{ "media_type": "text", "post_content": "Hi! I was trying to figure out the right bowl for this question and I think this is the right one but if not lmk. My granddad purchased his house in about 1980 & had to do a rvrs mortgage around the time that my grandma passed in 2010. Now that I have a pretty nice salary, I want to purchase his house in the event that he passes. Does anyone have any tips on how to go about this? Would I need to buy it back from the bank & would it be the current value he owes? Can I start the process now?", "post_id": "60d4fcf81559190022308fea", "reply_count": 3, "vote_count": 1, "bowl_id": "5a64df2b5c9d380018cf7279", "bowl_name": "Real Estate Professionals" }

Hi! I was trying to figure out the right bowl for this question and I think this is the right one but if not lmk. My granddad purchased his house in about 1980 & had to do a rvrs mortgage around the time that my grandma passed in 2010. Now that I have a pretty nice salary, I want to purchase his house in the event that he passes. Does anyone have any tips on how to go about this? Would I need to buy it back from the bank & would it be the current value he owes? Can I start the process now?

like
Posting as :
works at
You are currently posting as works at

You would just have to settle on a purchase price with gramps, and payoff the loan at closing

like

So I should purchase pre-passing?

like

This is actually a very simple transaction. As oak tree capital just stated, if grandpa will be kind enough to sell it for less than appraised value, that difference can be used as a gift of equity… which essentially creates a down payment out of thin air. Their reverse mortgage will be paid off at closing and he will be relieved of that obligation.

like

Related Posts

New to comp. C here, my senior just took credit over my work on a meeting with our higher ups. Is this common? What should I do?

like

What’s the average salary for an SVP Creative Director (Copy) in Chicago at a large Agency? (20 YOE)

like

What’s the best way to save taxes on bonus other than RRSP?

like

Deloitte audit manager 2 offer in chicago for 120k and $15k bonus. Thoughts?

like

My cousin got into UC Berkeley undergrad for comp sci and I am incredibly proud of him. I wanted to gift him a MacBook. I wanted to understand if MacBook Pro 13 is good enough for comp sci folks or should I be looking at MacBook Pro 16?

like

Looking for senior Business Analyst for a technology consulting project (robotics process automation). Small fast paced team with great client, salary range 100-130k. CBP badge required (active is preferred, recent or equivalent clearance is OK too). DM me for details and job posting

like

My partner from prior firm. He mentored me from Consultant-level. Gave me fast promotions. I executed and brought him $. He didn't let me make Senior Mgr at age 28. I switched firms. 40% salary hike.

likefunny

Hey there fellow fish! DFIR firm seeking Forensic Leads. DM me if interested in a fast paced environment with amazing benefits and comp.

like

Deloitte S&O Managers - what's your base salary?

like

Can anyone help with salary slabs for consulting in Dubai (big 4) - senior manager and director? Base + variable.

like

Good starting salary for a junior copywriter out of college?

like

What was your raise and bonus like this year? Please add level and firm

like

So I had HR discussions after tech and managerial round and she said, she will have to get approval from management for salary discussions as it’s on the higher side as per my YOE. Does it mean they will drop my candidature here and now or do I still have any chance ??

like

Salary for senior designer, 6yrs, nyc

like

Joined back in February. Would I still get a performance bonus? Pay bump? Not expecting promotion but not sure about other two...

Can anyone please share the comp package of senior accountant/FA role at Amazon at Seattle for recent offers.

like

Salary negotiation tips / tactics?

like

How is EY’s year end bonus these days?

like

Any ideas on compensation range for program manager in GCP? L4–L5-L6 levels ?

like

Thoughts on small investments? I'm fairly new to this, I'm 25 years old, given the situation of the country I live, I can only save like USD 200 monthly. I finished paying my Master this month, so I estimate I could save approximately the double of that. I currently have saved 1k USD. At which amount and where do you think I could start investing to generate passive income? My goal is not to depend financially on my salary, because the economy of my country is not in a desirable situation...

like

Additional Posts

People are saying it’s rare to get covid if you’re vaccinated (most recently 1 in 1000 breakthrough cases for MA) but isn’t that directly attributable to far less testing done now? I can understand it’s rare to be at risk for hospitalization, but do we really know how many people are asymptomatic and still spreading?

likeuplifting

Hedge funders.. been in the industry for 3 bonuses so far without a down year. For my people that have been through a down year (not a get fired year), what happens to bonus? Is it 0?

like

Why are they so obsessed with talking about cancel culture? Every single speaker has brought it up

like

I am scared of returning to my empty classroom that sits in a covid hotspot. Its all I want to focus on but I can't...so many great things happened during the spring and summer and they never got celebrated. There's no time like the present! Let's drop the negative, mind numbing complaints (speaking to myself) and grow & glow through it

likeuplifting

Have a interview with LinkedIn for Startegic Ops Manager. There internal consulting group. Has anyone interviewed with them? Do they give MBB level cases for the interview?

like

My home office be like

Post Photo
likefunnyhelpful

NYC based Managing Director, salary range?

Has anyone heard back from EY law about resuming H1B extensions? Mine expires in August and I am worried now. The wait is killing me.

like

What is the Google level at which MBA hires join?

like

Any other offices go back to full remote in response to Delta?

like

Just completed my mileage run for Plat and ended up in Miami... Party time!!!

like

Where is your favorite place to get classroom tools/supplies?

like

I’ve heard a lot that partners go “off-script” in MBB final round interviews. What does this mean in terms of how the interview goes and how can I best prepare for that?

like

Approximate comp to shoot for with FAANG BizOps? Four years out of MBA, pre-MBA experience not in tech / related.

like

Why doesn't the firm release salary band information to Employees? How am I suppose to know my future earning potential as I progress? Am I suppose to fly blind and hope the firm will take care of me?

like

Does anyone wish they got their MBA earlier than they got it? Has anyone used the McKinsey Northwestern or Oxford relationship?

like

What are some exit opportunities in other FAANG companies (or companies providing similar packages) after Amazon as a Business Intelligence Engineer?

like

Is 20-25% hike worth to switch to Deloitte from another big 4?Same level/benefits/growth.Was made an offer few days ago.Does Deloitte have levels within Senior roles?How do Senior-Manager promos work?

like

Thinking of going to bschool. What is the starting salary and guaranteed bonus for a senior consultant coming out of bschool at MBB vs Accenture Strategy vs Deloitte S&O?

like

Anyone looking for a roommate in the late September / early October timeframe? Hoping to stay towards the southwest part of manhattan / possibly Jersey City.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal