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WE HAVE DEED TO HOUSE IT HAS LIFE USE CLAUSE

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.

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 01:28 | Post subject:

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