<prompt> Human: I currently have a job making close to 700 a week without any debt at all and about 4000 in my savings recently paid off my 2014 Chevy cruze 15k. I live with my grandparents with almost 0 bills I pay close to 400 a month just to live. Recently my grandpa had a stroke and just got diagnosed with lung cancer, they were always broke to begin with and the family was scared of them losing the house and now with the medical bills its basically game over. Anyways to save them from having to move it was brought up that I should buy the house for 100k even though its valued at 135k. They would still live here but with a cheaper mortgage in my name they would in theory be paying off whats my house now. Can someone break down the pros and cons of this scenario? It would be much appreciated.  <response>: If your grandpa is racking up big medical bills and they are almost broke then you and your grandparents need to tread very careful around Medicaid eligibility rules. Any asset transfers can be looked back at for up to 5 years should your grandpa wind up in a nursing home, and he can be declared ineligible for Medicaid for a certain number of months depending on the amount of assets transferred. So if you are paying 100k for a 135k house, they will have transferred 35k in assets to you. If the average nursing home in your state charges 12k a month then Medicaid is likely to look back at that transfer and say your grandfather will be ineligible for an extra 3 months. Thus leaving you and your family to make up the difference and pay 30k out of pocket for the 3 months in between when your grandparents would have otherwise qualified for Medicaid coverage of nursing home care and when Medicaid will actually start paying. 