Please excuse the throwaway account, awkward personal finance situation:
My mother (who I don't have a great, trusting relationship with, but with whom I am cordial) knows that I'm saving to buy a home. She sent me a letter saying that she will give me large sum of money to put toward a down payment (to keep me from having to pay for PMI) in exchange for her name being on the deed. She then proceeded to give info on housing options she's decided to research in my city, all of which are housing situations that I've already told her I absolutely do not want.
My mother and I are not particularly close, and she does not live in my city. She also doesn't seem to be interested in understanding what I want in a home, and I definitely don't want my housing situation dependent/tied to her under these circumstances. Does anyone have an idea of why she would want to be on my deed as a stipulation tied to this "gift" of this large sum of money for the down payment? I'm just very confused about why she wants to be on my deed when I don't live in the same state and we talk maybe once every few months.
Possibly relevant info: Her live-in boyfriend is much older than she is (I assume she will likely outlive him), and my other sibling moved out of the country. Wondering if her name being on my deed would give her the inherent right to move into my home if she was unable to live on her own at some point. I feel like her request to be on my deed has some kind of dishonest motive behind it.
Submitted November 07, 2021 at 12:40AM by anonymousc0ward99 https://ift.tt/3bL3e5X
