Posted on: 15th Oct, 2012 05:05 pm
my grandmother is 84 and healthy but can no longer afford to live in the house on a fixed income, she has a quit claim deed with her kids names and the is a life estate, how can she go about selling the property?
Hi Melmackie!
Welcome to forums!
The kids are also the owners of the property as your grandmother has added their names to the property deed. So, she won't be able to sell off the property on her own. She will have to convince the kids and take their permission and then sell off the property.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
The kids are also the owners of the property as your grandmother has added their names to the property deed. So, she won't be able to sell off the property on her own. She will have to convince the kids and take their permission and then sell off the property.
Feel free to ask if you've further queries.
Sussane
Hi Melmackie,
I agree with Sussane. If the kids are on the property deed, then your grandmother will have to take their permission in order to sell off the property.
Thanks
I agree with Sussane. If the kids are on the property deed, then your grandmother will have to take their permission in order to sell off the property.
Thanks
She can either sell her life estate, or have the kids quitclaim their interest back to her, then sell the entire property.
