MarilynG1
Expert Alumni

Investors & landlords

If your mother took a home equity loan on a property she owns, she can't transfer the loan to you without going through the Mortgage Company.

 

She may be able to add your name to the Deed.

 

If both your names were on the Deed, you would be able to claim the Mortgage Interest and Property Taxes on your return, if you had receipts that you actually made the payments. 

 

Otherwise, you can claim the interest paid only if you are also liable for the debt. 

 

 

 

 

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