Their not thinking straight

Author Message
truelaw4u@gmail.com

Guest






PostPosted: Sat Oct 31, 2009 9:22 am    Post subject: Their not thinking straight

My uncles were losing their house because the taxes aren't paid. Their up in age and sickly. The house was willed to them from their mother, who is my grandmother, now deceased. The house is paid for. No liens, no loans. (no one lives in the house, it need lots of works). They would prefer to loose the house than deal with me, their niece. They have no real income and they can't afford the upkeep of the property. I offered to pay the taxes to avoid tax sale. In which I did just that. I told them that I will sell the house for them and give them 60% and I will take 40%. They disagreed, however, I paid the taxes not to lose it. My uncles are between the ages of 69 and 75 and almost out doors. I want to sell the house for them and make a profit and at the same time give them 60% of the proceeds so they will be comfortable. Lawfully, where do I stand in the court of law?
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor


Joined: 09 Nov 2007

Posts: 7448
Location: bloomfield, ct
70.12 Dollars($)
PostPosted: Sat Oct 31, 2009 5:05 pm    Post subject:

this is not a forum that will provide you with legal answers. i'm sure there's a community of lawyers who can do just that. however, in my layman's opinion, unless you have agreement with your uncles to do what you propose, you're fighting a losing battle. i wouldn't think you'd have any standing to do this without agreement. and you've already noted that they disagree.

obviously, they could care less about this property. frankly, given that there is much to be repaired with the property, i'd think that their 60% of a sales price might not be enough to keep them all that happy down the backstretch anyway.

you're not simply being altruistic, either. you want 40% of the proceeds for your own purposes despite their wishes.

_________________
George M. Akerley
Loan Consultant

860-221-5044
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor


Joined: 09 Nov 2007

Posts: 7448
Location: bloomfield, ct
70.12 Dollars($)
PostPosted: Sat Oct 31, 2009 5:06 pm    Post subject:

and i have to say that they probably are thinking quite straight, in fact.
_________________
George M. Akerley
Loan Consultant

860-221-5044
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
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 Live Help

Explore the lender near you

Google Map Image

MF Talk



DebtConsolidationCare    Insurance community: We Make You Insurance Smart    CreditMagic: Helping you build up credit


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