foreclosure zillow
Financial aid: property vs money in the bank?
My parents are buying a second home cash, foreclosure, for $72k. We plan to live there. They have a mortage on a house, which is were we are living in, for $230k. That was in 2006, zillow estimates its value at $100k now. Would it be more beneficial for my aid, if my parents didnt get that second house and stayed with the money in the bank? they would have practically nothing in the bank after they bought the house.
If your parents can afford to buy a house in cash, it isn’t going to matter one way or the other (reporting 72K in cash) because they likely make too much for you to get free grants either way.
