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Roland_18 OP t1_iuhkdwb wrote

Reply to comment by BogBabe in My mom wants to purchase a home with cash and have me and my neice sign to be the owners by Roland_18

These are all questions I have as well! Very little makes sense to me.

Mom is on disability so that's shy she doesn't want it in her name.

I think she wants me to eventually own the home but with that it makes no sense for my niece to own too. I feel like it's a disaster as well.

Can you elaborate on how it could be fraudulent? That's the kinda stuff I don't understand but definitely want to know how to sus it out

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BogBabe t1_iuhq4ex wrote

People often put assets (such as money, houses, cars, etc.) into someone else's name in order to keep their own assets below a certain level so that they're eligible for Medicaid, nursing homes, or other such programs. I don't know if your mom's disability income has a limit on assets — I'm not at all sure that any disability income has an asset limit — but if she wants to buy a home and put it in someone else's name in order to keep receiving that income, then yes, it would be fraud.

Basically, if she would lose that income because she has money in the bank or a house in her name, then doing what she wants to do would be fraud.

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