[quote=no_such_reality][quote=scaredyclassic]Are her medical records avail. For review?. For the right level of extreme decrepitude, it could work. Of course, then , she’s probably be in assisted living[/quote]
If she’s on title, isn’t assisted living going to suck all the equity out of the property?[/quote]NSR, a “life estate” agreement is not recorded. She can’t be on title. The investor will be on title and subject to all the liability of the tenant(s), their guests, and sublets, as well as for the HOA dues and taxes. Her “life estate” agreement could prohibit her from being evicted if she fails to pay the HOA dues and property taxes which likely would be wa-a-a-ay beyond her monthly budget. In any case, it would be a “public relations nightmare” for the investor to try to evict her in her ’80’s or ’90’s, even if she breached the “life estate” agreement and they were in the right to attempt to gain possession of their property.
