Good Hart, MI Estate Planning Law Firms & Lawyers

If there is equity in the property, make the payments and put the house on the market to sell it. It is not true that if you make a payment it obligates you to pay the balance of the loan. Keep in mind 1/2 of the equity goes to your ex-husband's estate, but something is better than nothing. If there is no equity, let it go into foreclosure. It is impossible to say if you will have 3 months or a year, it depends upon how aggressive the bank is in their foreclosure on the house and how far behind the payments are now, if at all.

Very unlikely. In all likelihood, your mother's money would simply pass to her "next of kin" under intestacy laws. I assume your mother did not leave a Will. If she left a Will, then THAT should specify contingent beneficiaries. The government would only get the money if there are no heirs. If you and your sister are the only heirs, (and you have no living descendants), then this should be looked at a bit more closely.

You should learn about Medicaid, before your uncle makes the gift to you. If he decides to go ahead, all he needs to do is have a new deed drafted. Usually, this is a bad idea, and your uncle should speak with a lawyer before going through with it.