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

Quit Claim After Death of the owner

Author Message
Melody

Guest







Post Posted: Tue Mar 20, 2007 10:50 am    Post subject: Quit Claim After Death of the owner
Like 0
Dislike 0

My mother is the only living relative of her Cousin. Her cousin did not have a will but she was her care taker and beneficiary on her insurance policies. Is there a way for her to get the house in her name at this point ?
Jack Bauer

Guest







Post Posted: Tue Mar 20, 2007 10:59 am    Post subject:
Like 0
Dislike 0

Quote:
Quit Claim After Death of the owner

The owner has to quit claim her property before her death. The reason is that on the deed the owner is required to sign as the grantor (the person transferring her property).
Shephard

Guest







Post Posted: Tue Mar 20, 2007 11:11 am    Post subject:
Like 0
Dislike 0

Melody, as your mother's cousin has not made a will, it is known as dying intestate.

Her property will now be divided by court as per laws of Intestate Succession for property division.
Icon Mini Profile colin
colin
Moderator



Joined: 30 Jun 2006

Posts: 582
Location: Waltham, Massachusetts
112.65 Dollars($)
Post Posted: Tue Mar 20, 2007 11:35 am    Post subject:
Like 0
Dislike 0

Hi Melody,

Welcome to Mortgagefit forum.

As your mother's cousin did not make a will all her property will now be distributed as per laws of Intestate Succession. The laws vary from one state to another but mostly the distribution is made between spouse, children.

When none of them exists as for your mother's cousin, division is done among other family members. Your mother being the sole living relative of your cousin, most likely she will get ownership of her cousin's property.

Now probate court will appoint a personal representative (who is called administrator). His responsibility is to make payments to all creditors and after all the dues are paid off, distribute property as per state laws.

Colin
Icon Mini Profile Samantha
Samantha
Community Mentor
Community Mentor



Joined: 16 Sep 2005

Posts: 1609
Location: MASSACHUSETTS
150.97 Dollars($)
Post Posted: Tue Mar 20, 2007 11:56 pm    Post subject: RE: After death quit claim
Like 0
Dislike 0

Hi Melody,

Welcome to the forum.

If your mother is the beneficiary of her cousin's insurance policies, she has the legal right to take over the policies

I think there is no other way except to go by the court's division of property through intestate succession.

One cannot get a quit claim done if the grantor himself is not alive. He is the one who actually needed to sign on the deed and state that he was transferring property to your mother. But as it is not done prior to the death, so there's no question of doing a quit claim here.

You can refer to previous community discussion on Is quitclaim possible if deceased owner has no Will

Hope this helps..

God bless you.

Samantha

Hope you will get some more details there.
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 0.265 seconds.