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    nikkimadc's Avatar
    nikkimadc Posts: 1, Reputation: 1
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    #1

    Mar 12, 2017, 02:56 PM
    father passed away
    My father passed away - and he had some land. One of my sisters and her husband want to keep the land - I don't live near there and have no interested. Rightnow I have a deed that states me as the Grantee of a mortgage. I don't understand what this means. I could really use the money out of this property right now - I am trying to find a house to live in. I don't know what I do from here and what the document means

    Thanks
    Alty's Avatar
    Alty Posts: 28,318, Reputation: 5972
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    #2

    Mar 12, 2017, 03:39 PM
    When it comes to wills and real estate it's best to consult a lawyer. There's just too much you can't tell us online.
    joypulv's Avatar
    joypulv Posts: 21,593, Reputation: 2941
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    #3

    Mar 12, 2017, 03:51 PM
    When did he die?
    How many siblings do you have?
    Did he leave a will?
    Was it probated?
    Was their a balance on a mortgage when he died?

    The lender is the grantor. You are the grantee. But please answer those questions.
    ma0641's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
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    #4

    Mar 12, 2017, 08:22 PM
    You being grantee means you are named on the mortgage and would be responsible for paying it if a balance is outstanding. Will? Executor? Your father never mentioned you are on the mortgage? With your lack of understanding you should get legal assistance.
    ScottGem's Avatar
    ScottGem Posts: 64,970, Reputation: 6056
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    #5

    Mar 12, 2017, 11:59 PM
    Are you sure that's what the deed says? That doesn't sound right. If there is a mortgage on the property, it would show up as a lien. Ownership of the property is listed differently.

    If you are listed as an owner then your sister would have to buy the property (or your share) from you.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #6

    Mar 25, 2017, 04:59 PM
    ... I have a deed that states me as the Grantee of a mortgage. ...
    A mortgage would name the bank (or other lender) as the grantee.

    A deed, on the other hand, with OP named as a grantee, and which mentioned a mortgage, would be unusual. Possibly the father recorded a deed to the OP (son) which would be subject to the mortgage. As noted, OP should get an attorney to take a look at it.

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