signing over to uncle

switchprincess · Joined: 05 May 2008 Posts: 1 1.35 Dollars($)

My grandmother passed away 15 years ago and her house was suppose to be splut between 4 siblings. My uncle who has had conplete control is now wanting to buy us out. I am the daughter of one of those sibling (my mother passed away) And evryone got a quit deed and it says in it $love and affection and i know what that means. But we are suppose to get money and i was told that thats just so my uncke has all the deeds and an get the loan yo pay everyone off. But if I sign off he could just not pay anyone, am i correct ? Please help.

larry · Joined: 27 Jun 2007 Posts: 3328 473.40 Dollars($)

Hi switchprincess,

Welcome to the forum.

If your uncle is buying you out that means if you quitclaim then he should pay you for your share of the property right. So why don't he pay for it. Contact an attorney take help form him so that your uncle cannot mislead you.

Best of luck,
Larry

jheard · Posted: Wed May 07, 2008 2:38 pm Post subject:

You should have a written contract that specifies the amount you are to pay and that you will sign over the quitclaim deed. You can secure payment of the money by filing a Trust Deed.

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