His Mother Wants to Hand a $75,000 Property to a Tenant Who Cannot Pay for Repairs, Has Only a Handshake Agreement for Repayment, and He Cannot Intervene Without Risking a Claim That He Violated Her Trust
His mother is in her late 70s and wants to pay off the mortgage on one of her rental properties, then hand the deed to her tenant, who has no income and no realistic ability to cover the ongoing maintenance costs or major repairs the property already needs. There is no written agreement between them,…