Eskimobutterfly
New Member
A friend of the family helped me purchase a house 14 years ago. A year later he said he was losing his home, I brought him to live with me. At this time he is 74 and I am 38. The deed and all paper work has both of our names as owners. I am worried with his age and health that if he required long term care I could lose the house to pay for his medical expenses. He has no insurance or family. He will not sign a quit claim unless I agree to life tenancy for he and my own mother(she is not interested). Again we are not related, we have never had a relationship other than friends, I brought him to live with me after he "lost" his own home. I have made all mortgage payments, property taxes and utilities. I am very grateful for his assistance in purchasing this house, I don't want to lose all the equity in this home to pay for his expenses. He has extensive credit card debt, and his only income is social security. How can I protect myself?
