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What happens when 3 people own a home and one dies who will get the property when there is no will in place?
Wiki User
∙ 14y ago
This will depend upon how the property was held. More information is required, such as the relations of the parties: did each of the three people hold a 1/3 interest, or is the property titled between a husband and wife and then a third person? In the event that the three owners were tenants in common (no right of survivorship), then the dead party's interest in the home would pass to their family according to your state's intestacy succession scheme.
Wiki User
∙ 14y ago
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What happens to property in Spain if the husband dies?
The wife take it.
What happens to house if owner dies and no next of kin can be found?
The property will become owned by the state in which the property is located. When this happens we say the property "escheats" to the state.
What happens to property when someone dies with no next of kin?
Typically property that cannot be claimed by kin when someone dies goes to the government. If money is owed on the house it is given to the bank.
If my husband dies what happens to the house I'm not on the mortgage?
If your husband has a will then his property is distributed accordingly, if he not have a will then the distribution of property is determined by a probate court.
What happens if you are not on title and your spouse dies?
In most cases the spouse has a right in the property, even if they are not on the deed. If there is no will, the spouse typically inherits the property.
What happens to estates when there are no heirs?
When a person dies and has no heirs or next of kin their property "escheats" to the state.
What happens when one of a group of beneficiary dies before the property is settled?
Their share goes into their estate.
Does right to survivorship transfer the property if one dies?
When two people own property by right of survivorship and one dies the interest of the decedent disappears and the survivor becomes the sole owner of the property.
When one spouse dies what happens to jointly owned property?
The surviving spouse becomes the sole owner.
What happens if person dies and property is not paid for?
the city/state will sieze the property and do 1 of 2 things... have an auction to obtain the monies owed and/or keep the property and do as they mean fit
What happens to a mortgage loan when the sole loan holder dies and the property is titled Joint tenants with full rights of suvivorship?
The mortgage obligation remains on the property. If the holder of the mortgage dies then her heirs own the mortgage.
What happens to property of a non resident who dies without a will who is estranged from spouse.?
It passes to the decedent's heirs, the spouse of which will be one.
