Re: Paying off my parents mortgage?
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Would it be possible for them to sell me the house for the remaining amount of the mortgage? Or that is illegal, tax evasion?
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Yes, it's permissible, and much more palatable than paying an inheritance tax. But for solid advice, you could consult an financial planner. All I know is this has come up in my family, and an equity buy-out for the size of the equity was how it was handled.
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