August 14, 2023, 05:37 PM
nosticksCurious about T2T homes
Does anyone know if Tunnels to Towers holds the deeds on those houses they provided. Is it more of a lease granted to the recipient.
August 14, 2023, 07:06 PM
sourdough44All I see references ‘paying off the mortgage’. Say it was a $400k house, owed $300k on the mortgage, it wouldn’t be right to pay the $300k then have the deed.
I think it’s as it sounds, they pay off the rest of the mortgage, then it’s free & clear. After that one would just have the normal expenses of ownership and taxes.
August 14, 2023, 08:00 PM
stoic-oneIt's 2 separate things, paying off an existing mortgage vs giving someone a house. T2T does both.
In both cases, based on what I've read, the recipients name is on the deed/title.
August 14, 2023, 08:47 PM
MikeinNCT2T paid off the mortgage for my kid’s 5 grade school coach-her husband was killed in an helicopter accident in AFG in Nov 19, She moved the next summer back closer to family in the Dallas area.
https://t2t.org/gold_star_fami...avid-charles-knadle/