Compare Mortgage Quotes

Guest

Hello,
My husband has property and a mobile home in his name. At this current time, his step dad is living there. We would like to start renting the property out. Is it possible to have his step dad start paying rent or move out? Is there a legal procedure to notify his step dad? The property is already paid for, so there is no mortgage, just the annual taxes. Also my husband has two minor siblings on the deed as well. Is there anyway to get them off? If not, what does this mean for them when we start fixing up the property and renting it out to tenants? Thank you

gmakerley · Posted: Wed Sep 01, 2010 10:04 am Post subject:

Jess, I think the first key word in my answer will be this one: COMMUNICATION.

No matter what you wish to do, it's essential that you communicate with your husband's stepfather as well as his siblings. Yes, there are legal methods by which you can do all that you desire, but none of it will work out in your favor without making contact with these other parties and informing them of your desires.

Certainly, the siblings might wish to have some sort of compensation for turning over their interest in the mobile home to your husband, which makes sense. And his stepfather might simply wish to move out if he finds that renting isn't acceptable...or he might say, "sure, I'll pay you some rent."

You won't know the answers to these important questions, however, until you ask (or more appropriately, your husband asks).

I wish you well.

Guest

Thanks for the reply. However, the siblings are under 12, and are currently in the custody of their mother. Whom will not agree to anything unless she gets money. I just wanted to know if he will be able to do anything without his siblings "consent" since they are still in grade school. We of course plan on talking to the step father, but need to know if their are legal documents to present him with. The point is, we are not going to discuss this with the step dad till we find out all the information.

gmakerley · Posted: Wed Sep 01, 2010 10:56 am Post subject:

Wow, I missed the "minor" reference in your original post. How is it that they appear on the deed? They can't legally own property, after all.

Before you reach out to stepdad, I agree, you want to iron out the legalities. I'd suggest visiting an attorney to discuss this - you can usually get a consultation without any out-of-pocket costs, so it'd be beneficial to do so. The ages of his siblings has to be a concern, though I can't say what that concern might truly be.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1

Compare Mortgage Quotes

new to a quitclaim deed