Posted on: 31st Dec, 2009 08:13 am
as "Land may not be sold while the guarantors are living
why is there a notation concerning "guarantors" on this quit claim deed?
as for your question, i don't believe such a restriction would be appropriate. but you need to check with a real estate attorney for a real answer to that question.
as for your question, i don't believe such a restriction would be appropriate. but you need to check with a real estate attorney for a real answer to that question.
It seems you are attempting to ask about a life estate - have an atty draw up the deed
It seems I may have asked this wrong---It is a deed transferring Land to a relative--but we do not want this piece of Land to be sold. e.g. considered for a loan and then the Loan may default.
i still don't get the "guarantors" cited, but if you are transferring 100% ownership to this relative, it would be useless to do so and restrict that party from mortgaging the property.
frankly, if you insist on retaining control over the land, you'd be best served to simply hold on to it.
am i reading you wrong?
frankly, if you insist on retaining control over the land, you'd be best served to simply hold on to it.
am i reading you wrong?