A trustee is not needed. However, a good landlord-tenant agreement would be highly advisable.
Sarah Frobisher Smiths Mother And Farther Or Victor Rodenmaar And His Farther !
First, a trustee is the trustee of a TRUST. The house may be trust property. The powers of a trustee are set forth in the trust document. If the house is owned by the trust and the trustee has the power to sell real estate then yes, a trustee can convey the house.
Unless the house was owned free and clear by the debtor, the trustee does nothing. The mortgagee forecloses and auctions the house off. If there was no mortgage, the trustee will either sell the house or auction it off.
A chapter 13 involves a plan you and your attorney have proposed to the creditors for them to object or not and the court to allow if no objections are filed. The C. 13 trustee does not "force" you to do anything, other than propose a fair plan according to your income and expenses
It depends on the terms outlined in your father's trust. If the trust grants the trustee the authority to sell the house without beneficiary consent under certain circumstances, then the trustee can proceed with the sale. However, if the trust requires beneficiary consent for the sale of the house, then the trustee would not have the authority to sell it without that consent.
When a trustee owns a house in Georgia, it typically means that the trustee holds legal title to the property on behalf of a beneficiary or beneficiaries, following the terms outlined in a trust agreement. The trustee manages the property as specified in the trust document and is accountable for acting in the best interest of the beneficiaries.
Father is the ruler of the house and time is the ruler of everything, and mother earth because earth gives life and life gives birth to everyone.
You need to review the powers granted to the trustee in the trust instrument. The trustee may need to get court order if the power to borrow money was not granted in the trust.
* Your mother should have a Will. Find out who her lawyer is. Check out to see if your mother had a security box at the bank she has done business with. You can also retain a lawyer to find out if a Will was registered in your mother's name. Your sister has no right to empty the house until the Will has been probated.
I live in California, already paid off the loan of my house & got a letter "Substitution of Trustee & Full Reconveyance". Why did I get this letter?
yes because there basiclly a adout
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