WE HAVE DEED TO HOUSE IT HAS LIFE USE CLAUSE

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Icon Mini Profile CHEFJEWELSARMSTRONG





Joined: 29 Jan 2009

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Post Posted: Thu Jan 29, 2009 10:25 am    Post subject: WE HAVE DEED TO HOUSE IT HAS LIFE USE CLAUSE
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WE HAVE THE DEED AND MOM HAS LIFE USE CLAUSE. SHE HAS REMARRIED LIVES OUT OF STATE NOT BEEN TO HOME IN OVER 5 YRS. WE LIVE IN HOME, WE PAY ALL BILLS, TAXES, INSURANCE, UPKEEP MAINTENANCE. SHE HAS NOT PAID A DIME. THIS WAS SET UP BY GRANDMOTHER WHO DIED PRIOR AND WAS LEFT TO ME AND HUSBAND AND BROTHER AND WIFE (ALSO OUT OF STATE AND NEVER HAVE PAID FOR ANYTHING ) WHAT CAN WE DO TO GET HER OFF THEIR SO WE CAN GET A HOME EQUITY LINE -AS LIFE USE AND CAN WE DO HOME EQUITY IF LEFT IN ALL FOUR NAMES BUT WE ARE RESPONSIBLE. ETC.
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005

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Post Posted: Thu Jan 29, 2009 10:56 pm    Post subject:
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Welcome CHEFJEWELSARMSTRONG,

Your mother will have to sign a quitclaim deed to remove the life estate. Once she does so, you will have to notarize and record the deed. Then you will be able to get a mortgage.

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