The Moneyist: My sister lent my father the down payment for his home and put her name on the mortgage — then he refinanced

Dear Moneyist,

My sister lent our father the down payment to buy his home in Florida.

Both their names were on the mortgage. After three years he wanted to pull out some equity. He re-mortgaged in his name only and asked her to sign off on it. She signed a quit claim to take her name off the deed, so he could get the homestead exemption.

Also see:My siblings took control of my mom’s estate — now they want me out of the picture

She agreed and the deal was he would put her name back on the deeds of the house after Jan.

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