Answered on Jan 20th, 2017 at 5:43 AM
First, your Dad will need to retain a lawyer to review this. Second, it is clear that the transaction did not leave your father homeless though it may have left you or decendants homeless since once your father passes the property is fully owned by someone else. This is often done for finaicial reasons. What is equally clear is the explanation you provide "rented by a grandchild" makes zero sense if your father continued to live in the house and no grnadchild moved in. This needs an independent review to figure out what ACTUALLY occured and then what to do about it.
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