New Edited -5 siblings names quit claimed to 4 properties

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Icon Mini Profile daltonsjr




Joined: 22 Jul 2008

Posts: 13

8.34 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
Icon Mini Profile Niicss
Niicss



Joined: 03 Oct 2005

Posts: 2620
Location: New Jersey
409.63 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.

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