Posted on: 22nd Jul, 2008 06:27 pm
Hello-
Years ago my father put all 5 children's names QUIT DEEDED on 4 SEPERATE properties (NYC) - all 5 names on each property
We are in the process of dividing up the shares to sell or put individual names on properties.
My question-
If 4 properties have 5 siblings names on each property and the father is still alive, can a sibling add on another name to one or all of the deeds without the other siblings on the deeds approval. (such as a friend, spouse or child)
Another name would"muddy the waters" so to speak since there are already 5 names and 4 properties and we are trying to sort out an even solution.
All but one of the properties is paid off. One mortgage open.
Thank you for your time.
Kate
Years ago my father put all 5 children's names QUIT DEEDED on 4 SEPERATE properties (NYC) - all 5 names on each property
We are in the process of dividing up the shares to sell or put individual names on properties.
My question-
If 4 properties have 5 siblings names on each property and the father is still alive, can a sibling add on another name to one or all of the deeds without the other siblings on the deeds approval. (such as a friend, spouse or child)
Another name would"muddy the waters" so to speak since there are already 5 names and 4 properties and we are trying to sort out an even solution.
All but one of the properties is paid off. One mortgage open.
Thank you for your time.
Kate
Welcome daltonsjr.
To add anyone on the deed, approval or confirmation should be taken from the other siblings or owners. You can add anyone if you have a separate property where you are the only owner but as joint owners you need to get all the owner's approval.
Let me know if you have any further queries.
To add anyone on the deed, approval or confirmation should be taken from the other siblings or owners. You can add anyone if you have a separate property where you are the only owner but as joint owners you need to get all the owner's approval.
Let me know if you have any further queries.