I am buying a second home and will be using it as a vacation
Hi, I am buying a second home and will be using it as a vacation rental. The loan broker asks me what kind of ownership we will have - joined tenancy, tenants in common, living trust etc. I have no idea. I, myself, my wife and our daughter are on the title.JA: Since estate law varies from place to place, can you tell me what state this is in?Customer: californiaJA: Have you talked to a lawyer yet?Customer: not yet. I was planning of doing so, but didn't know that I have to answer this question today - that's what the loan broker told me list night (plus 15 other items on the list)JA: Anything else you think the lawyer should know?Customer: I don't know - what else do you need to know
I made a joint tenant w/ survivorship deed 10 yrs ago to my
I made a joint tenant w/ survivorship deed 10 yrs ago to my daughter. Since then a lot of changes. I need to make a deed from me to my granddaughter (age 6) with her temp guardian, Susan Brinson Boatwright until my granddaughter reaches age 21. Can I change joint tenant deed to tenant in common? Thanks.
My boyfriend and I purchased a home in Newport Beach,
My boyfriend and I purchased a home in Newport Beach, California in 2012 for 1.2 million dollars. The title,deed is in both names. He bought the home with his own money but insisted on putting me as a co- owner. We were together, living in the home for 4 years. We split up and I relocated to Florida. He now wants me to sign a quick deed claim so he will own the entire house. I do not want to sign, and I want to know if I am entitled to half the equity. The house is now worth close to 3 million dollars. Please advise. Thank you, Donna
WE live in florida and in 2008 my husband and I bought some
WE live in florida and in 2008 my husband and I bought some land upon which we built a new house . The deed is in our name as husband and wife and our daughters name. Is this a tenancy by the entireties or tenancy in common? It doesn't claim to have right of survivorship so I'm pretty sure its not joint tenancy with right of survivorship. It also does not mention any percent of ownership. Can it be a tenancy by the entireties with 3 people on it? Or can it only be just husband and wife? Probably need a Fl lawyer for this one. I need to know for sure. Thanks
Father died July 20. Title on the mobile home is joint
Father died July 20. Title on the mobile home is joint tenancy with right of survivorship with me. I thought that means I become sole owner after death and home is not part of probate (if probate even occurs, likely insolvent due to medical bills). HCD wants me to send in death cert and "transfer without probate" form HCD475.2, which has statements that don't pertain (no will, less than 40 days have elapsed, may be creditors against his estate). I am in process of selling unit (filled out paperwork and exchanged funds/keys yesterday) as I cannot afford monthly space rent of unit but was cosigner on his space rent. Do not know yet if any previous tax liens...if so would be under $1,000 likely. Hope to pay off with any proceeds.
I'm trying to figure out how it's supposed to be worded on a
I'm trying to figure out how it's supposed to be worded on a quitclaim when one of the grantors is deceased and one of the other grantors was the deceased grantor's spouse and heirJA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: MSJA: Has any paperwork been filed in court? And what is your ideal outcome for the situation?Customer: noJA: Anything else you want the lawyer to know before I connect you?Customer: not that i can think of cancel
I have a property in NC. The house is paid in full. I
I have a property in NC. The house is paid in full. I purchased the house with my sister on some family land. I found out several years ago that the land was not divided when we built the house. There is another house on the land that belongs to another sister and her husband.Problem my sister wants me to take my name off of the house with her and let her have it so that she can do a reverse mortgage. I will not. The house is deeded so that the house ends up with the person that lives the longest.Question-Hypothetically, what happens if I out live my sister which means that I would have the house and would be sharing the land with the other sister and husband. This sister does not want me to have the house. She thinks that my sister's share should be divided even though legally it would be all mine. Will I be able to stay in the house regardless of the land being undivided. There are boundaries that separate the two houses. There are lines that have been developed by yard usage. That is there are definite lines where we cut grass for each house.Would I have to go to court t to get the land divided if they do not agree to divide the land?
6 people own property in Cambridge MA. It is inherited
6 people own property in Cambridge MA. It is inherited property. It's 2, 3 family houses. 3 want to sell and 3 don't. One is going to buy out three. Where does this leave the other 2 and what is it that we own?Thanks for your timeKaren