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What happens if the household consists of the parent(s) and an adult child and the parent moves or dies?

April 26, 2017Adult child CONSISTS happens household moves parent

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What happens if the household consists of the parent(s) and an adult child and the parent moves or dies?

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A. As long as the child is on the deed of the property and has signed the mortgage and promissory note, there would be no recapture at the time of death or move.