Home arrow Mortgage Forums arrow Forums: Learn from other's experiences arrow

In the state of Arizona if my mother and I are on the deed do I have to worry about Probate issues

Author Message
Icon Mini Profile Lorenda





Joined: 17 Feb 2009

Posts: 1

1.28 Dollars($)
Post Posted: Tue Feb 17, 2009 12:43 pm    Post subject: In the state of Arizona if my mother and I are on the deed d
Like 0
Dislike 0

In the state of Arizona if my mother and I are on the deed do I have to worry about Probate issues...My mother and i are on the deed to the house. Do I have to worry about selling the house when she dies so that some siblings get a portion of the equity? Also does it matter who;s name appears first or how it is written?
Icon Mini Profile jerry
jerry
Moderator



Joined: 17 Oct 2005



Posts: 2617
Location: MICHIGAN
415.55 Dollars($)
Post Posted: Wed Feb 18, 2009 5:31 am    Post subject:
Like 0
Dislike 0

Hi Lorenda,

It doesn't matter who's name appears first or how it's written. As long as your name is there on the deed, you are a legal owner of the property. After your mother's death, you will have to file an affidavit of heirship in a probate court so the property gets transferred to your name. However, if your mother transfers her share in the property to you through a quit claim deed, the property won't have to go through the process of probate.

Thanks,

Jerry
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.049 seconds.