M PAUL CLITHEROE Q&A
Need Paul's help?
Send your questions to: Ask Paul, Money magazine, Level 7, 55 Clarence Street, Sydney NSW 2000 or money@moneymag.com.au.
Sorry, but Paul can't personally answer your questions other than in the Q&A column. By submitting your question to Money, you consent to having your question and the response you receive from Paul published in the print and digital edition of Money.
Rachel says her sister has conned their parents in a property dispute Sadly, this is typical of the dramas that wreck families
Q Five years ago, my elderly parents had to sign their house over to my sister to sort out issues with her mortgage.
They had previously built and lived in a large home together, but she then purchased a home before the other house sold and the bank assumed she owned the whole property, not half. At which point they signed it over to her. She was meant to pay $20,000 off her mortgage in 12 months for it to be signed back into their names.
Five years have passed, and during that time my sister has managed to convince my parents they still own the property by showing them the deed of assignment (where they signed over their house) and telling them it was the deed to their home and, because their names were on it, it showed they still own it.
The certificate of title is in my sister's name. What can they do to get their house back? They've told me that when they pass, I will get half of the house, but I don't think that just because it's in
