[quote=bearishgurl]
I understand. Correct me if I’m wrong, but your sister ALREADY OWNED her home in the same area as your mom’s home at the time of your mom’s death. Therefore, she possibly couldn’t “re-qualify” for a mortage at the time of your mom’s death to buy the rest of her siblings out (yourself incl) so opted to stay put.
This is perfectly understandable but I’m just wondering why the rest of you siblings weren’t interested in taking over mom’s home. The tax savings alone would have been a “gold mine” on into your retirement years.[/quote]
You are wrong. She made an entirely non-financial decision. She likes the house she lives in.
My siblings and I all had homes where we were quite content, so, like most people in our position, we decided just to sell the house rather than to save a few bucks in property taxes and live in a house that none of us wanted to live in.
