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The Moneyologist: My sister is pushing our mother to sell her $2 million home

Terrence Horan/MarketWatch

Dear Moneyologist,

My mother is being pressured by my sister to sell her $2 million house to raise $50,000 that she owes my sister. There is a remaining mortgage of approximately $200,000. It’s a beach property in Los Angeles originally purchased by my dad who passed many years ago. Although my mom is elderly I doubt she will be deemed incompetent by traditional medical definition. She is frail and scared.

My mom is not allowed by my sister to have friends over or grandkids visit. The beach house is her primary residence. Everyone is telling my mom how ridiculous it would be to sell the house and, if she sold it, she would have nowhere to go.

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