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  1. Terry_w

    Commercial Finance Options

    Your would need to seek legal advice as many issues. Stamp duty would be paid by the purchaser - the trust in this instance, and it would be at market rates. There are implications if she sells it for $1 and different implications if sold for market value. Each may have advantages and...
  2. Terry_w

    Commercial Finance Options

    She is the owner so it will be based on her situation not yours. You are not entering contracts yourself but just signing on her behalf.
  3. Terry_w

    Commercial Finance Options

    In the other post you say that grandma hasn't lost capacity so why not you do the running around and she can enter into contracts herself. You need a broker experienced in these sorts of developments and I suggest you give Shahin a call as he seems to know what he is talking about.
  4. Terry_w

    Commercial Finance Options

    You will find it extremely difficult to finance something like this for an 80 year old under a power of attorney. Main residence too it seems. Many lenders do not even accept documents signed by an attorney for the standard residence type deals. Any lender would risk having the contract...
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