Ask Experts Questions for FREE Help !
Ask
    netty39's Avatar
    netty39 Posts: 2, Reputation: 1
    New Member
     
    #1

    Feb 14, 2012, 12:00 AM
    Land Ownership Laws in Michigan?
    My sister and I both own 3.5 arecs of land that I was buying and is paid off My Mom and Step dad put both of our names on My sister was 17 at the time they did this and she is now 23 and I am now 44 she is now wanting me to either sell out or buy her out .I live on this land and can not get a loan . I told her I would buy her out . I was woundering how my Mom and dad got a way with putiing her name on the land when she was only 17? At the time? I am willing to buy her out for a far amount but was this done on the up and up?
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
     
    #2

    Feb 14, 2012, 04:09 AM
    It could have been a family partnership until she was 18.
    You will have to ask your parents if you can. And state law might have changed in 6 years, as more states are cracking down on hiding assets in minors' names.
    As for recourse if she wasn't supposed to be on the deed, I think you might have a tough battle, and if you did pay a lawyer to fight it the land might revert to your parents, or they would be ordered to pay overdue taxes or something.
    What I don't understand is how you 'paid it off' yet she is half owner? Did she pay for her half? I know you live there and I assume she doesn't, so what exactly were you paying off all this time?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    Feb 14, 2012, 04:24 AM
    What is the exact wording on the deed? I'm not sure what problem you see in her name being on the deed. Who did you buy the property from under what terms? Have you talked to your parents?
    netty39's Avatar
    netty39 Posts: 2, Reputation: 1
    New Member
     
    #4

    Feb 14, 2012, 07:39 PM
    I had a bought the land from my mom and dad and no My sister did pay any thing on the land.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #5

    Feb 14, 2012, 08:14 PM
    So why did they put your sister's name on the title? What about the answers to my other questions?
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
     
    #6

    Feb 15, 2012, 03:43 AM
    You don't seem interested in answering questions, so.. it doesn't matter how much of the land you paid your parents for and how much she didn't pay for, your sister is half owner and can force the sale and can take half the income. So start the payment plan to buy her out.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Michigan land contract laws? [ 5 Answers ]

Does the lien holder of my house have the legal right to come in my house and open cupboards and refigerator and take pictures?

Land contract laws in Michigan? [ 2 Answers ]

In 2006 I bought a house by land contract for 199K. I put down 20K and for three years paid on-time a monthly payment of interest of 9.25% a year. In the meantime, the economy took a fall, and our house isn't worth what is used to be. At the end of the three years, the owner tried to force me to...

Michigan joint ownership laws? [ 4 Answers ]

My father and my two sisters and I have jointly purchased a second vacation home. There are five equal shares to the home, two belonging to my father, and me and my two sisters each own one share. We drew up an agreement that states that if one of us dies, the other owners have first choice to...

Michigan land contract laws [ 2 Answers ]

When selling on a land contract can you put in the land contract that the buyers can not sell on a land contract until there land contract is paid off ?

Michigan land contract laws [ 1 Answers ]

I am buying a home on a land contract in Michigan,the contract holders have not paid the taxes or the insurance on the home as it is required it the contract,what can I do about this.


View more questions Search