So my grandmother is 80 years old and just stopped working officially last week.She owns a home and stills pays a mortgage on the property and since shes no longer working,does not have the means to pay her mortgage any more.I currently live with her and told her i wouldnt mind paying the full mortgage costs and all the bills that entail in owning a home but i would like to be a co-owner and when she passes the sole owner of the property.The house has been appraised at around 400 thousand and she owes currently about 225 thousand.I wanna know what options i have that maybe i havent heard of or seen,any insight or ideas are greatly appreciated.Thanks in advance,Alex.

Didn't mean to post 2x.

However, what does that mean from a document point of view?

You'd be doing well if you could find something even slightly undervalued (which is likely your realistic best case scenario as an outsider coming into a hot sellers market), meaning that it will probably need a little work or updating.Lastly, whether you're able to find something technically below market value at all or not - I'd buy in a stable, desirable area/neighborhood.

Does that mean water utility is currently in the Tenants names?

I'm Asperger's, which means I was born without the "bones in my head" which help us relate to and interact with others.

What does it mean when there is a high bankruptcy rate in a small town with no obvious reason?

Which means that we need to buy the property and fix it up at a price below 75% ARV.

If you can get a card that charges introductory 0% interest or have the means to pay off the monthly balance, credit card is fine.

They will check your current living situation through the underwriting process before you close....meaning, if you own a property now, if you plan on selling it or renting it (since you will be moving out to occupy your new property) they will ask for those documentation items.