Hi! My father passed away in January and he left his house to my sister and me. I want to buy out my sister's half and move in. The house is paid for.
Here is my dilemma. 1. My husband and I have bad credit. 2. We are upside down in the house we are currently living in.
My dad's house - worth around 120,000
My house worth around $60,000 (we owe $88,000)
My sister needs the lump sum so her holding a mortgage for us is not an option.
What is the best way to handle this?
Here is my dilemma. 1. My husband and I have bad credit. 2. We are upside down in the house we are currently living in.
My dad's house - worth around 120,000
My house worth around $60,000 (we owe $88,000)
My sister needs the lump sum so her holding a mortgage for us is not an option.
What is the best way to handle this?