Is there a way to buy my mothers house and land, which Medicaid has a lien on?

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K

Kittylit Asked October 2018

Is there a way to buy my mothers house and land, which Medicaid has a lien on?

Normally it would go to me, but since she went in nursing home Medicaid put a lien on it. Tax assessor value says $129,000 but it would never sell for that because House is in such bad shape. It has 3 acres and I would love to have it for the land but rebuild where the house is. I would only want to pay about $30,000 for the land. Does anyone know how I might be able to do this and keep the land? I also have POA

Asset Limits Power of Attorney (POA)

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score 0 · Answer 1

Have the property appraised so you know for sure what it’s worth. My son recently bought my mother’s home before she goes into the nursing home, which will be in about 6 months. It was appraised for more than a long time real estate agent thought it was worth and we went with the appraiser.

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score 1 · Answer 2

Mom is in a home now? If so , no lean has been placed on the house. A lean is placed at time of death. If you buy now, you will have to buy the house at Market value. If the house doesn't sell before Moms death, then after her passing you can buy it for enough to cover the leans on it.

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Yes she is in home now. Medicaid is the one that told us they were putting lien on it, and that they would sell it at her death.

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score 1 · Answer 3

In order that all the i’s are dotted and t’s are crossed so nothing costly comes up in the future, I would seek the advice of an Elder Law Attorney. Medicaid can be ruthless and hard to deal with and you want to make sure you are doing everything the right way.

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They are definitely ruthless and greedy. Already had dealings with them an had to get a lawyer.

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Is there a way to buy my mothers house and land, which Medicaid has a lien on?

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