Posted on: 15th Jan, 2009 08:28 pm
my problem is i bought a house through my sister brand new pre fabe had it built on her land i paid cash in full house is paid for we are waiting for the land to be subdivided well now while we are waiting my sister and brother in law are in trouble . they are 130 k in debt and looking at looseing everything including my house the house is in her name how do i save my house ? i paid for it thats not a problem. and how do i get the deed to the house my sister says there is nothing that can be done if i loose my house i have no where to go i am on disability and cant rent i need help thank you sandie.
hi sandie,
it would have been better if you could have transferred the property in your name earlier. is it a secured or a non-secured debt that your sister has?
i guess, your sister has taken a loan on the property. in that case, you should speak to your sister's lender and try to refinance the loan if possible and thereby transfer the property in your name. before going for any kind of transfer, you should inform the lender about it.
it would have been better if you could have transferred the property in your name earlier. is it a secured or a non-secured debt that your sister has?
i guess, your sister has taken a loan on the property. in that case, you should speak to your sister's lender and try to refinance the loan if possible and thereby transfer the property in your name. before going for any kind of transfer, you should inform the lender about it.