My father passed away 10 years ago and left a house to me and two siblings. It’s only worth about 30000 and my brother has been living there rent free for the last 10 years. He pays the insurance and taxes. Do I count this on FAFSA as an asset?
Yes. Your share of the current market value of that house is an asset.
Is the house in your name? and do you live there ?
The deed was put into all our names and no I do not live there. My brother lives there and my sister and I live in a different city. Basically my brother got a free house to live in and my sister and I have nothing to do with it but our names are on the deed.
then I think your share should be listed as asset
Sounds like it’s a $10k asset for you.
Thanks to everyone for the help.