Posted on: 26th Mar, 2009 04:51 pm
My question is when my mother died (2005) , my father did an enhanced deed for myself and my brother (April 2006) , then in (May 2007) he did a contract to sell me the house for $200.000, for which I gave him $35,000.00, and we agreed that I will pay him $600.00 ea. month, than in Oct. (2007) he did a revocation of the deed to removed myself and brother .
Now can he sell me the house and have me in the enhanced deed at the same time.
Now he wan'ts to cancel the contract , and for me to leave the house.
The 3 names still shows in the title of the house.
Can he do that ?
Pls. advise me.
thanks.
Now can he sell me the house and have me in the enhanced deed at the same time.
Now he wan'ts to cancel the contract , and for me to leave the house.
The 3 names still shows in the title of the house.
Can he do that ?
Pls. advise me.
thanks.
Hi
In an enhanced life estate deed, the grantor retains the right to sell the property and also transfer it to whoever he wants to. Thus, I think he can sell the house to you. But I don't think he can cancell the contract at his will. If the contract is legally valid, both parties involved in it must reach a consensus to terminate the contract. I think you should contact a real estate lawyer to get rid of this issue.
In an enhanced life estate deed, the grantor retains the right to sell the property and also transfer it to whoever he wants to. Thus, I think he can sell the house to you. But I don't think he can cancell the contract at his will. If the contract is legally valid, both parties involved in it must reach a consensus to terminate the contract. I think you should contact a real estate lawyer to get rid of this issue.