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

deeds

Author Message
terry pettett

Guest







Post Posted: Tue Sep 02, 2008 9:20 am    Post subject: deeds
Like 0
Dislike 0

Back in 1994, my mother and father made a quick claim deed to bascily add my name to the deed. It was in all three of our names, my father passed away in 1998. My mother is 82, in longterm care, had a stroke. She will have to go on medicaid in the future. What will happen to her house? It says on the deed, all rights to surviver! Now will the State of Michigan be able to take the house? I`m playing catch up. This is very frustating to say the least! Thanks Terry
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10148
Location: Nevada
941.94 Dollars($)
Post Posted: Wed Sep 03, 2008 10:58 pm    Post subject:
Like 0
Dislike 0

Hi terry pettett,

What the deed implies is that you and your mother are in a joint tenancy form of ownership with the right of survivorship. This means that upon your mother's death, you will automatically get the ownership rights. That's what the right of survivorship is all about.

As for Medicaid, has your mother applied for it yet?
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 21.062 seconds.