What are you looking for? 

Transfer of deed after Death?

Author Message
Icon Mini Profile swaufor



Joined: 25 Feb 2007

Posts: 1



1.31 Dollars($)

PostPosted: Sun Feb 25, 2007 8:23 am    Post subject: Transfer of deed after Death?

My Sister was added to the deed of her friend's house. he died suddenly. What does she need to do to protect her interest in the house?
 
image
Icon Mini Profile mcole
mcole
Community Experts
Community Experts

Joined: 11 Oct 2006

Posts: 53



18.36 Dollars($)

PostPosted: Sun Feb 25, 2007 10:19 am    Post subject:

She needs to talk to an attorney. But a lot may depend on how title is held.

Cool

_________________
Loans: Investors, Residential, Commercial – All States
 
image
Alex

Guest







0.10 Dollars($)

PostPosted: Sun Feb 25, 2007 11:06 pm    Post subject:

Swaufor,

Your sister's interest will be protected as she is owns a certain percentage of the property. Her friend could not have decided alone as to whether he would give away his property to someone after death. At least he should have consulted your sister as she is a co-owner.

Your sister needs to find out if her friend has made any Will on his property, though that may not affect your sister as her name is already on the deed.
 
image
Icon Mini Profile mcole
mcole
Community Experts
Community Experts

Joined: 11 Oct 2006

Posts: 53



18.36 Dollars($)

PostPosted: Mon Feb 26, 2007 5:03 am    Post subject:

I was probably a little hasty in my previous response. I was thinking of probate issues, and whether the deed was filed and recorded, and things of that nature.

But Alex is correct, her interest should be protected if everything was handled properly.

Cool

_________________
Loans: Investors, Residential, Commercial – All States
 
image
Icon Mini Profile adonis
adonis


Joined: 22 Oct 2005



Posts: 1346
Location: ALASKA


122.17 Dollars($)

PostPosted: Tue Feb 27, 2007 5:12 am    Post subject:

yeah, seems alex is right.
_________________
Procrastination is the enemy of your financial sucess
 
image
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Helpful References
Mortgage Guide
Mortgage Terminology
Industry 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
Mortgage Planner
Simple Budgeting Tool


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

 
About Us  | Contact Us  | Our Blog  | Privacy Policy  | Testimonials  | Website Tools  | RSS Feeds  | Site Map 
We have chosen to apply the Creative Commons Attribution License to all works we publish.
This work is licensed under cc by 2.0