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My Mother and I are co-tenents on a home mortgage, to which…

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My Mother and I are...
My Mother and I are co-tenents on a home mortgage, to which I handle all or the mortgage payments and upkeep. She wants to sign over her ownership to me.
Do I need to re-mortgage?
Submitted: 2 years ago.Category: Tax
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Answered in 1 minute by:
1/24/2016
Tax Professional: Mark D, Enrolled Agent replied 2 years ago
Mark D
Mark D, Enrolled Agent
Category: Tax
Satisfied Customers: 1,342
Experience: MBA, EA, Specializing in Business and Individual Tax Returns and Issues
Verified

Hello, does she actually have an economic interest in the home, or was this done simply to get a mortgage with a co-signor?

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