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 esvarmurillo
Joined: 28 Jul 2009
Posts: 1
1.78 Dollars($)
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 Posted: Tue Jul 28, 2009 3:18 am Post subject: my sister passed away but before she transfered her house to |
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| She left to me all her money. i gave to my brother the half of the money. in exchange he signed a quit claim and added my name to the house as a tenant in common. i wold like to know what are my rights and if he can do anything without my consent. |
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manoj_gopale
Joined: 16 Feb 2009
Posts: 481
0.59 Dollars($)
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| Posted: Tue Jul 28, 2009 4:35 am Post subject: |
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esvarmurillo
welcome to mortgagefit....
He has added yu as tenant? How much percentage of equity has been transferred to you??tell us more about it..
keep in touch.....
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kentmark0
Joined: 25 Jul 2009
Posts: 49
0.00 Dollars($)
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| Posted: Tue Jul 28, 2009 11:26 am Post subject: |
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esvarmurillo
your name is mentioned as "tenants in common". it means that the deceased's tenant's interest passes to his or her heirs at law, and not to the surviving tenant.
since you are the coowner, he can not do any thing without your consent. |
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esvar
Guest
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| Posted: Wed Jul 29, 2009 1:24 am Post subject: |
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| in the quitclaim states that my brother and me are tenants in common. does it mean that each us own 50% of the property? I also would like to know if a trustee is the best way to avoid that in the future creditors may put a lien on the property |
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Niicss
Joined: 03 Oct 2005
Posts: 3227
Location: New Jersey
509.11 Dollars($)
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| Posted: Thu Jul 30, 2009 1:51 am Post subject: |
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It is not necessary that each of the tenants in common would hold 50% of the ownership of the property. You can put the property in the trust. This will help you in avoiding liens against the property to some extent.
_________________
Good is the Enemy of Great. |
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esvar
Guest
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| Posted: Wed Sep 30, 2009 10:22 pm Post subject: |
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| i would like to put my share of the house in a living trust. is that a safe way to protect my share of the house. i would like to know what can I do because I dont trust my brother anymore |
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sunnyca2009
Joined: 04 Aug 2009
Posts: 1735
35.94 Dollars($)
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| Posted: Thu Oct 01, 2009 9:33 pm Post subject: |
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What are you really worried about?
Do you think your brogher will try to sell it with your knowldge or some one elase will put a lein on the property with yoru knwolledge
Make sure to record the quit claim deed in the county |
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smithsussane
Joined: 18 Sep 2008
Posts: 4515
Location: Alaska
440.39 Dollars($)
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| Posted: Fri Oct 02, 2009 12:35 am Post subject: |
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Hi esvar!
Welcome to forums!
You cannot transfer your portion of the property into a living trust. You will have to place the entire property in the living trust. You can contact your brother and check out if he is ready to transfer his share of the property in to the trust. If he agrees, then both of you can contact an attorney and get the property transferred into a living trust.
Feel free to ask if you've further queries.
Sussane |
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annyb27
Joined: 07 Jul 2009
Posts: 142
0.00 Dollars($)
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| Posted: Fri Oct 02, 2009 2:30 am Post subject: |
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| As you are common tanent you need not worry. Your brother will not do anything without your concern. |
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hemsleysue
Joined: 13 Sep 2009
Posts: 72
0.02 Dollars($)
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| Posted: Sat Oct 03, 2009 12:31 am Post subject: |
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He can not do anything harmful to you. If he does, first victim will be he only.
do not sign any paper given by him without proper reading. |
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manoj_gopale
Joined: 16 Feb 2009
Posts: 481
0.59 Dollars($)
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| Posted: Sat Oct 03, 2009 1:35 am Post subject: |
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I won't agree that your brother will harm you in anyway but just make sure while dealing with him in property matters you are sticking to leak -proof legal documentary system.
keep in touch......
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 9749
Location: bloomfield, ct
35.02 Dollars($)
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| Posted: Sat Oct 03, 2009 8:27 am Post subject: |
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priceless...just priceless. just when you think an answer might appear that will clear things up, we find enough mud to sink it. here, not just once, but thrice.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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sunnyca2009
Joined: 04 Aug 2009
Posts: 1735
35.94 Dollars($)
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| Posted: Sat Oct 03, 2009 8:48 am Post subject: |
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Agree George
The posts gets interesting every day
And you comments are becoming innovative |
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