ALTCS Eligibility Q & A: Assuming a Mortgage
Posted in ALTCS, Asset Protection on Aug 27th, 2009
The Jackson White intake team recently fielded a call from a son whose father is in need of ALTCS services. The son stated that he is in the process of “assuming” dad’s mortgage. The home has about a $100,000 mortgage and the estimated Fair Market Value of the home is $240,000.
Question: Will assuming my dad’s mortgage [...]