That would depend on the wording of the deed. If a deed has as remaindermen the "heirs of his body" or "his issue" then the answer is no. IF the deed states to his "heirs at law" then the answer is yes. You should seek the help of an attorney who will review the language used in the deed.
The owner of a deeded home can get the home back if the home is in his or her name. The taxes must be paid on a deeded home in order for it be a clear deed.
Depends on the will
Typically, the surviving spouse who is living in the home under a probate homestead must maintain the home and pay interest on any mortgage debt. The heirs are liable for reductions in principal. The surviving spouse is not required to insure the home, but if she does, she is entitled to the proceeds for any claim.
It depends on whether there was a will disposing of the real estate. It goes to whoevever is named in the will to have it. If the husband died without a will (intestate), the real estate passes according to state law for intestate succession, which is usually to the surviving spouse and children in (not necessarily equal) shares.
no
The best place to start is updating the deed. Once your deed is updated, you can refinance your home with ease.
That natural heirs would be the first choice. The laws vary depending on the specific jurisdiction. The spouse is the first one on the list. Children would be the next one.
It depends on how the property is deeded.
Yes, unless the mortgage is paid off by the heirs if they want to keep the property.Yes, unless the mortgage is paid off by the heirs if they want to keep the property.Yes, unless the mortgage is paid off by the heirs if they want to keep the property.Yes, unless the mortgage is paid off by the heirs if they want to keep the property.
If your deceased father had a home equity loan are the heirs now responsible for paying it off IF THEY SELL THE HOME?
Yes Watson. But the real question is: can the spouse spouse the home after the reverse mortgage dies live?
It may be possible for the sibling to leave his share to his girlfriend in his will, bypassing his siblings. However, this could lead to potential disagreements among family members and legal challenges. Consulting with a legal professional to ensure all parties are aware and in agreement of the arrangement is advisable.