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Buying or Selling a Home/Mom on SS and wants to sell her home
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Question
Will my mother be penalized for selling her home and not rebuying another one. Her home should sell for about $80,000. Will Social Security penalize her or take her check?
She will be moving to another state so will she qualify for low income housing for the elderly?
No, Martha. As long as she has lived there for two of the last five years (and I am sure she has), she has nothing to worry about. Social Security won't be bothering her. It depends on the state she moves to if you're concerned about her qualifying for low-income housing. Chances are she will not have a problem there, either. Just go looking for a home for her. You're going to enjoy yourself. I do wish you well.
Dick Dennis
dixiedee13@aol.com
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| Rating(1-10) | Knowledgeability = 10 | Clarity of Response = 10 | Politeness = 10 |
| Comment | Thanks for getting back to me so quickly and saved me money from seeing an attorney. | ||
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Dick Dennis
Expertise
With more than 41 years as a real estate broker, I can solve most any problem presented. If I can`t, I do my research. Problems with mortgages, trust deeds, foreclosures, odd ways of conveying titles. Most any good Realtor can answer questions satisfactorily, but I answer questions that most cannot. Also, ask about my hard-copy newsletter, The Landed Gentry. It can also be sent to you via PDF.
Experience
Solving real estate problems for 37 years.
Organizations
National Association of Realtors
Publications
Publishes The Landed Gentry, guest writer in Who's Who in Creative Real Estate, First Tuesday, Financial Freedom and many newspapers
Education/Credentials
e-Pro Realtor, Certified Distressed Property Expert, Who's Who in Creative Real Estate
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