As far as I know, a deed signed under duress may be challenged and invalidated. The heirs will have to file a lawsuit to invalidate the deed. _________________ Procrastination is the enemy of your financial sucess
Ken Guest
Posted: Tue Jan 13, 2009 7:37 am Post subject: Quit Claim
I am buying a house since 1996. My decesed parents, I found out are on my title. My mom was the last to passed without a valed will in 2002. intesttat(sp) the estate was probated but never closed because the IRS has a lean. This is how I understand it is my wife & I owen 50% of the house and the estate owens 50% with three benifisers ( me, sister, brother) We are not talking and nobody but me knows about the title. I can not refinance without a clean title. Can I get a quit claim or will I have to pay the IRS and my brother & sister base on the value of the house?
As a lien has been placed by the IRS, you will have to pay off the lien first and then refinance the property. I don't think a quitclaim will help you in this regard. _________________ Procrastination is the enemy of your financial sucess
Buf Guest
Posted: Mon Mar 02, 2009 11:17 pm Post subject: Quit Claim
My grandmother has passed and upon her death I found out that she had a home equity line of credit in the house. She left me exector and a beneficary in her will. Is there any way to transfer the poperty in my name and borrow to pay thw loan out?
As far as I know every mortgage and HELOC comes with a 'due on sale' clause which states that the entire amount becomes immediately due if the property ownership is changed or the house is sold. This makes you legally liable to pay off the debt as soon as you transfer the title or sell the house. Thus I think you should talk to the lender and discuss with them as to what could be done in this situation.
billie h Guest
Posted: Thu Apr 09, 2009 8:22 pm Post subject: quit claim contract of sale
in 1995, my mother sold 220 acres to me contract ofsale. my husband told me to sign quit claim deed back to her at same time. the contr said in the event of her and my husbands death, property will go to me free and clear. my husband died 07. they had filed the qc deed 1997 . i did not know. now my hb kids have the prop in their name. arkansas. how many witnesses to be valid in arkansas
As far as I know, there should be one witness while recording the deed in Arkansas. However, it would better if you could contact your county recorder's office and confirm the information from them.
donna taylor Guest
Posted: Sun Aug 02, 2009 6:14 am Post subject: taxes
our land was sold for back taxes without our being notified is there anything we can do to get the land back
The IRS or the state tax department should have informed you about the sale of the land. As the land has been already sold off, I don't think there's anything you can do about it. However, you can always speak to an attorney and take his opinion in this regard. _________________ Procrastination is the enemy of your financial sucess
spawlak
