In 2009, when the property market was crashing, I added both my daughters to the deed of my home so I would not lose the home to foreclosure during my divorce and, in case something happened to me, my daughters could keep the home.
It was only to be a temporary fix until I could finally sell the home, and both daughters agreed to sign off on the deed. By adding my daughter it allowed me to use her income to qualify for a loan modification. I, not my daughters, made all the payments. Fast forward to 2019.
My eldest daughter had received more than $760,000 for the sale of two homes that were given to her by her deceased former mother-in-law. This daughter has always spent her money foolishly and has terrible credit. Even with all this money, no one would rent to her because of her