I will add that you should also consult an elder care attorney about the wisdom of gifting the house to you. If your father --who you say is in poor health-- ends up needing Medicaid and going into a nursing home at some point, Medicaid has a five year clawback on "gifts" given by your father. It would be a good idea to do some serious estate planning.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
