My daughter received money from her dad's life insurance and purchased a duplex with it. She wrote a check out of her check account for the 10% down the day of the auction and the rest of her money was not mailed in time. So, my father (her grandfather) borrowed the money the close the duplex and the bank would not put it in my daughter's name, or in joint names (loan or deed) Now that she was sent the remainder of her money from her dad, she paid the duplex off in full and should have been given the tax credit. But my mother was in hospital and has passed away and now my dad is executor of her estate and wants to put the paid off duplex in my daughter's name since she paid every for it in full and has not debt on it. What can we do to straighten out this mess? My daughter is the true owner and my dad wants it out of his name. The tax service said that my daughter was eligable to a refund for the 1/2 of the duplex that she lives in but the closing statement should have been in her name. I have the checks from her account that paid every penny on the purchase price. What can I do to help my daughter with the problem that the bank has created? I told them that it should have been in my daughter's name first with my dad borrowing the money for only 3 months.
Asked Mar 15, 2010
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