Assuming there is no will, the estate must be probated and the property will pass to the two sons in equal shares.
what happens if your husband dies and i am on deed,but not on loan.am i responsible for the loan and do i keep the house/
The deed will remain in their name until it is changed, usually by the next of kin.
The order in which owners are listed on a deed does not affect the rights or responsibilities of the owners.
You still owe your part of the loan. Are you sure you are not listed on the deed? Check that out. You could possibly get part of the equity in the house if it is sold that could pay off your part of the loan. Go get a good lawyer. I had a bad one and didn't get the equity I deserved.
Not exactly. The person with title to a property is the person who legally owns it. A deed and a title are not the same thing. A deed is a legal document that transfers the title from one person to another.
That will depend on the deed and what the ownership is. If it is a right of survivorship, no, it is not a part of the estate. If they are listed as tenants in common, yes, the estate has a claim to part of the property.
no, it is illegal both on the house - both have to sign one can sign a quick claim deed and then the other can refi the house? no, it is illegal both on the house - both have to sign one can sign a quick claim deed and then the other can refi the house?
Yes. They should both be listed as grantees on the deed and the deed should be a survivorship deed. You should consult with an attorney who can draft a proper deed for your jurisdiction.Yes. They should both be listed as grantees on the deed and the deed should be a survivorship deed. You should consult with an attorney who can draft a proper deed for your jurisdiction.Yes. They should both be listed as grantees on the deed and the deed should be a survivorship deed. You should consult with an attorney who can draft a proper deed for your jurisdiction.Yes. They should both be listed as grantees on the deed and the deed should be a survivorship deed. You should consult with an attorney who can draft a proper deed for your jurisdiction.
Yes. If there are two owners listed on the deed the law assumes they each own a one-half interest unless it is otherwise stated clearly on the deed.
You own it and no longer need to pay a mortgage. You get the deed to the house and are free to do whatever you want to.
A person acquires an interest in real property by a deed, court order or inheritance.
The person who is receiving the life estate must be listed as grantee in the deed along with the clear intention that only a life estate is granted. The deed should be drafted by a professional who can discuss the consequences and responsibilities associated with granting a life estate.