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vercetti2021

(10,155 posts)
Sat Sep 5, 2020, 03:57 AM Sep 2020

Some really positive news

So my mom just had her final mortgage payment and now owns her house in full. I guess you can say it's a bit double edged since I sacrificed my savings of 10 years to help put her over the top. She was short 9500. But I transferred all I had in my savings with the exception of a few hundred extra she didn't need.

I guess this qualifies for good news right?

15 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Some really positive news (Original Post) vercetti2021 Sep 2020 OP
😀😀😀 Chipper Chat Sep 2020 #1
Congrats! SheltieLover Sep 2020 #2
It will be vercetti2021 Sep 2020 #3
I'm sure she isn't! SheltieLover Sep 2020 #6
Not a good idea central scrutinizer Sep 2020 #14
Well done Sherman A1 Sep 2020 #4
Burn that mortgage! Good job! yankeepants Sep 2020 #5
in 2020? Absolutely Fabulous news. SleeplessinSoCal Sep 2020 #7
Nothing finer than owning outright!! Celebrate!! secondwind Sep 2020 #8
Yes, this is good news. PoindexterOglethorpe Sep 2020 #9
It was a wonderful thing to do -- but could she possibly pay you back over time pnwmom Sep 2020 #10
this. nt Baltimike Sep 2020 #13
We have an agreement vercetti2021 Sep 2020 #15
congrats to you both dawn5651 Sep 2020 #11
What a wonderful for you to do for your Mother. Freedomofspeech Sep 2020 #12

SheltieLover

(57,073 posts)
2. Congrats!
Sat Sep 5, 2020, 04:00 AM
Sep 2020

I hope your name is on the deed jointly, just in case the unthinkable happens.

That was really sweet of you to help her out!

central scrutinizer

(11,635 posts)
14. Not a good idea
Sat Sep 5, 2020, 08:01 AM
Sep 2020

If you get sued, for whatever reason, they’ll go after all your resources. Hopefully, she’ll put you in her will.

PoindexterOglethorpe

(25,809 posts)
9. Yes, this is good news.
Sat Sep 5, 2020, 05:06 AM
Sep 2020

And speaking as a mom, thank you for being so generous and helping her out. Hugs and kisses to you.

pnwmom

(108,951 posts)
10. It was a wonderful thing to do -- but could she possibly pay you back over time
Sat Sep 5, 2020, 05:56 AM
Sep 2020

with the money she's not having to pay on a mortgage? Or are you able to live with her and not pay rent?

Because it would be good for you to have a little savings again. But this was such a wonderful thing you did. Your mother must feel very loved.

vercetti2021

(10,155 posts)
15. We have an agreement
Sat Sep 5, 2020, 09:33 AM
Sep 2020

I'm getting my savings back within a year and I keep paying rent until I can make my own payment on a home of my own

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