All Forum Posts by: Tami Egbert

Thank you, Rick...I will take that under advisement. I appreciate your feedback.

Jennifer,

That is what I am thinking...that it's not his home. I'm concerned that he may be making false promises to his wife in an effort to get her to agree to sell her home. Just a very sticky situation at the moment. I may take you up on your advice and try to speak with her alone. Thank you very much for your feedback.

Bob,

Had to chuckle at your response, but perhaps you have the right idea. Provide him with a gift card and the name of a good estate planner for Father's Day. Thanks again for your feedback.

Steve,

You are absolutely right about the fact that he has managed on his own all of his life. From what I understand however, he has made quite a few bad financial decisions in his lifetime. My concern now is that he is involving other people, so although it is none of my business, am not wanting anyone to be harmed. Thank you for your feedback, I appreciate your input.

Michael,

My husband is as concerned as I am, but when he trys to discuss any financial matters with his father, his father becomes very defensive.

Bob,

Yes, I would presume there is equity in her home, as she was able to pay for the house in it's entirety when she purchased it. My husband and I were thinking that would be the best case scenario, but wanted to see if we were correct in our thinking. We had suggested that to him a few weeks ago, but he became very irate and said that "he wasn't losing his home".

Thank you both for your feedback, as it is very much appreciated.

Yes, I am concerned about where she would reside in the event he were to pass prior to her. Given the information that my husband and I have been provided, I'm also concerned that he can no longer afford his home, but is reluctant to give it up. He retired in June of 2013, and his financial situation situation changed.

Thank you, Jesse for responding, I appreciate your feedback.

Hello everyone,

I am hoping for some feedback regarding my father-in -law, and a possible real estate transaction. He is 73 years old and has his own home, and still carries a mortgage on it. He has refinanced it several times, and I'm concerned that he now owes more on it than what it is worth. He remarried a few years back, and his current wife owns her home free and clear. They are residing in her home, and has his home rented to someone. He is finding it difficult to maintain both households, so has chosen to place his wife's home on the market for sale, and move back into his home. From what I understand, he does not have any coverage on the house to satify the mortgage in the event he should pass away. I'm not wanting to tell him what to do, but am not wanting to see him get himself, as well as his wife into a financial hardship situation. Any advice?