Posted on: 13th May, 2011 03:13 pm
how can I get my name off of inherited property...I am 1/5 owner my deceased brother was 4/5 owner. The property taxes come to my house...I have been paying them since 2008...I don't want any part of this property. i feel i have trapped into this situation..my other siblings were 1/5 owners...however, they sold out to the brother before he died...no one asked my if i wanted out or nothing. I have just had open heart surgery, and this situation is causing me lot of stress..and depression. please help me wth this situation. margarett l. thomas 614-279-0226 or 614-561-1878
Hi Margarett,
Welcome to Mortgagefit,
So in this situation the person who is having 4/5 stake in the property is no more.and other siblings do not wish to take hold of the property....
My proposition is, whether the property can be rented or not? If the property can be rented then from the income of the rental property you can pay the taxes and thus it will not be from your own pocket...even if there is marginal profit, you should opt for it.
But if the property can not be rented then you can donate his property to any of the social organisation in your area and thus get releived from paying the taxes thereon..
Feel free to ask any further quer if you have.....
DIPA
Welcome to Mortgagefit,
So in this situation the person who is having 4/5 stake in the property is no more.and other siblings do not wish to take hold of the property....
My proposition is, whether the property can be rented or not? If the property can be rented then from the income of the rental property you can pay the taxes and thus it will not be from your own pocket...even if there is marginal profit, you should opt for it.
But if the property can not be rented then you can donate his property to any of the social organisation in your area and thus get releived from paying the taxes thereon..
Feel free to ask any further quer if you have.....
DIPA