Home arrow Mortgage Forums arrow Deeds, Property Transfer and Estate Planning arrow

life estate deed

Author Message
Guest









Post Posted: Sat Oct 24, 2009 7:57 am    Post subject: life estate deed
Like 0
Dislike 0

If one has changed a deed to a life estate naming their children to have the home when they die, and the life estate states the current owner has the right to sell the p
roperty, what kind of deed is this?

I live in Massachusetts.
Icon Mini Profile sunnyca2009





Joined: 04 Aug 2009

Posts: 1731

35.55 Dollars($)
Post Posted: Sat Oct 24, 2009 11:16 am    Post subject:
Like 0
Dislike 0

May be this will help you

http://www.mortgagefit.com/know-how/ladybirddeed.html#lifeestate

They have some good discussion
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10250
Location: ALASKA
1043.57 Dollars($)
Post Posted: Sun Oct 25, 2009 9:34 pm    Post subject:
Like 0
Dislike 0

Hi Guest,

A life estate clause can be added to a quitclaim deed or a warranty deed. The life estate deed will allow the grantor to stay in the property until death. However, the grantees would be considered as the owner of the property. If you are unable to understand the type of the deed, then you should contact a real estate attorney in order to understand it.

_________________
Procrastination is the enemy of your financial success
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

 
Refinance Quotes
Call for Rates
888-485-7561
Speak to a lender now.

We will match calls to our toll free number with our network of lenders.

Ask Questions
Community Attorney
Joshua Heard - Attorney Joshua Heard
Houston, Texas






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


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


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

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool






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 21.063 seconds.