My mother died in January. Then, my grandmother's house was deeded to her estate. (Mom technically inherited it while she was alive, but the deed hadn't transferred yet.)
Since mom didn't have a will, my sister and I are each entitled to 50% ownership. But I don't want to own it because it would probably forfeit my right to first time buyer programs. I'd much rather let her pay me half of the difference between the house's value and the mortgage. Then, I can use that money towards buying my own first house.
Is there any way to do this that the court would approve of that wouldn't force my sister to have to refinance the house or put a mortgage on it (because her credit is terrible)?
Read more: Can one sibling buy out the other's share of a house before it is deeded to both of them?
