Real Estate Law
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Are your siblings willing to sell their interests to you?
Or are they willing to agree to pledge the property as collateral for any mortgage loan?
Ok, then if the property has already been transferred out of the estate to you and siblings, then they would all need to sign a quitclaim deed from them as the grantors over to you as the grantee transferring their ownership interest to you.
Once that quitclaim deed was recorded, (they can all be on one deed), you would then be the legal owner of the entire property and can go to your local lender and begin the process of applying for an equity or home improvement loan on the property so you can make repairs.
Ok, then if the estate hasn't been settled yet, then you have to take a few steps back...
Someone will have to file a probate case to settle the deceased's estate and be appointed Administrator by a local probate court judge. That person will then have the power to gather all assets, pay any debts and taxes for the deceased and the estate, and then distribute the remaining assets to the heirs at law.
Real estate is transferred from an estate to the heirs by the Administrator having an estate deed prepared by a local attorney.
Then once the real estate is on the heirs' names, they would execute a quitclaim deed over to you..
So the property will have to go through probate first before it can eventually be transferred to you.
Yes, each state has exclusive jurisdiction over any real estate within its boundaries. So a NM attorney can't practice in IN and a probate case will have to be filed in IN since that is where the land is located.
You are very welcome. Glad to help any time..
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