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New Edited -5 siblings names quit claimed to 4 properties

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Icon Mini Profile daltonsjr



Joined: 22 Jul 2008

Posts: 4



3.02 Dollars($)

PostPosted: Tue Jul 22, 2008 6:27 pm    Post subject: New Edited -5 siblings names quit claimed to 4 properties

Hello-

Years ago my father put all 5 children's names QUIT DEEDED on 4 SEPERATE properties (NYC) - all 5 names on each property

We are in the process of dividing up the shares to sell or put individual names on properties.


My question-

If 4 properties have 5 siblings names on each property and the father is still alive, can a sibling add on another name to one or all of the deeds without the other siblings on the deeds approval. (such as a friend, spouse or child)

Another name would"muddy the waters" so to speak since there are already 5 names and 4 properties and we are trying to sort out an even solution.

All but one of the properties is paid off. One mortgage open.

Thank you for your time.

Kate
 
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Icon Mini Profile Niicss
Niicss


Joined: 03 Oct 2005

Posts: 1293
Location: New Jersey


194.08 Dollars($)

PostPosted: Wed Jul 23, 2008 1:31 am    Post subject:

Welcome daltonsjr.

To add anyone on the deed, approval or confirmation should be taken from the other siblings or owners. You can add anyone if you have a separate property where you are the only owner but as joint owners you need to get all the owner's approval.

Let me know if you have any further queries.

_________________
Good is the Enemy of Great.
 
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