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There can be several reasons why this question is asked. Let’s look at the pros and cons of selling…
Selling one’s own house can be a big enough challenge, but when one has to sell parents house it becomes an even bigger job.
If you are the one who keeps the home after the divorce, you will have to take the loan while the other spouse goes through the buyout. Refinancing takes time and it’s often an emotional process.
An inheritance is usually something that has some value to it. A hoard house can be just the opposite. You have now inherited all the problems that come with it.
There comes a time when parents are no longer able to care for their homes. They may need to sell them with your help.