Posted: Mon Oct 12, 2009 9:04 pm Post subject: Re: Joint Tenant
My mom added me as a joint tenant on her condo property in SC, when she received word of her terminal illness (2007). When she passed, I could not assume the mortgage. I was told to ignore anyone who tried to come after to me. I am not on the mortgage.
Two years later, I am selling my home in TN. The title company informed me there is a judgment against me for condo regime fees, for $6,000 and it will have to come out of my closing costs.
Am I responsible for these regime fees? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
The condo owner is responsible for the condo regime fees. As you are presently the owner of the condo, you will have to clear the dues. Once you clear off the dues, the judgment will be removed. Thus, you would be able to sell off the property.
BTW, are you paying the mortgage dues? If not, then the mortgage lender can foreclose the property.
Take care.
tc12 Guest
Posted: Tue Oct 13, 2009 7:03 am Post subject: Joint Tenant
Since I could not assume the mortgage, it has been foreclosed. The lender did not come after me, because I was not on the mortgage. My mom added me well after she purchased the condo, because iof her terminal illness. I would assume she was trying to avoid probate for me.
As the property was foreclosed, the condo association has placed a lien on your TN property in order to recover the dues. You need to pay them off in order to sell off your property. _________________ Procrastination is the enemy of your financial sucess
sara
