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can I lose my home?

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Icon Mini Profile shannon





Joined: 28 Jun 2008

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Post Posted: Sat Jun 28, 2008 4:07 pm    Post subject: can I lose my home?
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I made a verbal arrangement to grandpa to buy his home and paid cash each month and when he died grandma transered the title to my name but i asked for hers to remain on it just in case something happened to me so both our names are on it and now she is senile and her sons keep trying to get her to sell the home or let one of her crazy sons live in it and I do not know what to do I know I should have put it in my name only but i didn't ,any way the agreement was I would finish paying by letting her live in it and pay the electric water and phone and taxes etc.and I have been but it is not on paper and my attorney keeps assuring me that I will still get it when she dies but still is there any way they can take it from me? I love her but she lost her mind
Icon Mini Profile laphillips
laphillips
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Post Posted: Sat Jun 28, 2008 4:27 pm    Post subject: can I lose my home?
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Hello Shannon,

To protect yourself I'd advise talking to an attorney. Part of the situation involves whether you and your grandmother hold title as Tenants in Common or as Joint Tenants.

Either way since your grandmother is still alive, unless she has been judged legally as incapable of making a decision, your uncles have no right to the property. They are probably able to influence your grandmother though and unless there has been a legal proceeding she still controls at least 50% of the property.

It is so sad when a parent or grandparent is no longer capable of handling things & other members of the family try to take advantage of the situation.

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**This is not intended as legal advice. I am not an attorney.**
Icon Mini Profile brian1
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Post Posted: Sun Jun 29, 2008 1:07 am    Post subject:
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She cannot take back your share but she does own 50% does she have a will and what does it say happens at the time of her death? I agree with :ynette if she is senile and it is known she cannot make any legal decisions. Therefore since you own the home with her you have more say than her children UNLESS one of them has been named as a power of attorney for her..
Best Advise - seek out an attorney. We are mortgage people trying to helo and you get whay you pay for when it comes to legal advise

B

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Icon Mini Profile smaildaytoday





Joined: 15 Oct 2007

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Post Posted: Sun Jun 29, 2008 12:25 pm    Post subject:
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I think you and your grandma both have the house. You will not lose your part of property but the less of property is your grandma's. You grandma are senior and maybe will be gone. If She do a quit claim deed to her sons, they will owner the part of property that belong to their mother in past time. So, it is a trouble. I think you'd better contact a attorney to settle the thing. Maybe you can purchase the other part of property from your grandmother or her sons if a quit claim having happened.
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