Another "cleaner" way would be to sell them the land and make the mortgage on it. That way they have title to the land but you have a leinhold on it. Yes you no longer have title to the land BUT you have a leinholder position to protect your interest wich might be a stronger position in the event the buyer gets sued, defaults, doesn't pay the taxes or such. Mortgage may be easier for you or your sister to sell. Talk this out with not only your accountant but a lawyer
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Today's Featured Article - Talk of the Town: How to Crank Start a Tractor - by Staff. This interestin discussion is from the Tractor Talk Discussion Forum. Remember that safety is your first priority - make sure you know what you are doing before attempting a potentially dangerous activity!
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