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life estate

Posted on: 05th May, 2010 09:34 am
divorced, my choice to leave if husband would deed land to son. husband has a life estate. will not turn deed over to son for son to file. have a house andUSDA loan on 2.69 of the acres. deed for house loan reads the 2.69 acres which is part of a 70 acre tract. I will have to push for contempt of court to make ex turn deed over. he says son cannot file deed due to there being a loan on the 2.69 acres. With the way it reads, wouldn't it just be transferred with the 70 acres and whoever owns the 70 acres at the time of ex's death, would be responsible for loan payment if anything is left? Can my son file this deed at the courthouse, so no other liens can be made against this land?
welcome thersiar,

your husband can transfer the property ownership to your son, though there is a mortgage on the property. however, after your husband transfers the property to your son, he will have to refinance the loan in his name.
Posted on: 05th May, 2010 11:08 pm
Thank you so much for your reply. This is information is very helpful.
Posted on: 06th May, 2010 03:50 am
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