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

    Sep 23, 2007, 01:23 PM
    Quit claim deed / settling estate
    I don't even know where to start so I will explain from the beginning. About 13 years ago , I was in a bad marital situation and needed a place to live , so I purchased a house and financed it in my parents name for various reasons. Very shortly after that my mother became very ill with cancer and my sister , who lived very close to my parents ( I lived over 50 miles away) agreed to move in with my parents to help with my mother. She and her husband and son moved in. My parents house was paid for in cash so there was no debt on the home and they have lived there for this entire time expense free... my father retirment paid all the monthly bills. About 8 years ago my mother passed away and my sister continued to live with my father and after my mothers death he basically started to give up for lack of a better term. About that time , my sister called me and stated she needed to get a power of attorney to handle my fathers affairs, pay bills etc. I told her that I thought that was a good idea and she got the power of attorney. My house has remained in his name for all these years and for various reasons, I have been unable to get it financed into my name so I have basically been renting the home , getting none of the write-off on interest , taxes or anythig else. There is a current mortgage on this property( my house) in my fathers name. My father has recently passed away ( intestate, no will) and I have recently started to talk to my sister about settling my fathers affairs and found out she had quit claimed the deed to his house about the same time she received power of attorney ( owned free and clear with no debt) to herself and basically the only thing left in his estate according to her is my house which has a mortgage on it. My questions are , A. is this quit claim valid B. what implications does it have to his estate ? It seems to me very unfair that the major asset from my parents estate has been quit claimed to my sister without me even knowing for years that was done. It looks like my inheritance has been transferred to my sister through this quitclaim deed and my house ( and the debt) is the only thing left... any help would be greatly appreciated.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Sep 23, 2007, 01:44 PM
    Legal maybe, If she had a full POA then yes, she had the legal right to sign over the house to her. Whether this was ehical and would stand up in a probate court is questionable.

    But, to do anything about it would mean filing suit in probate court.

    I would suggest to your sister, that she take a loan out against your father's home for half the home's value. And to give that money to you. I would then suggest you use it to pay off or down the debt on "your" home so you can refinance. Depending on how the deed for "your" house is recorded she may need to quit claim her share of it to you. If she refuses to do this, then you will have to take her to court.

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!

Special warranty deed and quit claim deed what are they? [ 6 Answers ]

What is the difference bewtween the two and what is the purpose?

Quit Claim Deed/Contract for Deed [ 7 Answers ]

Ok, I have posted before. I had a contract for deed piece of property, and have myself been going back and forth with a lawyer and the client. Trying to make a offer to end this nightmare. I offered them 1000.00 in 10 payments and at the end of that to sign a quitclaim deed or 500.00 and...

Quit Claim Deed or Deed of Gift [ 8 Answers ]

My fiancé and his brother are dividing a couple of properties from their mother's estate. She passed away 6 years ago and they did probate the will during that timeframe. They are trying to establish the best way to divide the property at this time with as little tax penalties as possible. Which...

Real Estate - quit claim deed [ 1 Answers ]

Hi there! I was given a quit claim deed on my grandfather's house several years ago. It was filed at the court house. Recently, I attempted to take out an equity loan to build a garage. The lender said that the house belonged to my parents. I went to the court house to see where the problem...

Corrective Deed, New Quit Claim Deed, or See an Attorney? [ 4 Answers ]

I have a major problem with a quit claim deed that was done regarding my father's property. The intention was to put me in the deed but as an heir to the property, not as a co-owner or anything like that. So, a quit claim deed was filled out and recorded at the clerk of the circuit court. However,...


View more questions Search