Posted on: 06th Apr, 2008 09:19 am
My son-in-law's father was dying of cancer. he "quick deeded" some rental property here in the state of arizona. 6 months later his father decided to sell the property and pay off the mortgage that was still in his name (the fathers) the father got the proceeds from the sale and paid off the debt owed on the property but his son (my son-n-law) got the 1099S. who is responsible for the sale. my son-n-law did not run the rental property at all. his dad continued to have all dealings on the property? sounds fishy to me. Can you steer us in the right direction?
Wow sounds like a real unfair mess, I would think that since the father collected the proceeds that he would be responsible, I don't understand how he could legally sell it if the properties were in some one elses names, you may want to check into this.
Hang around, I am sure that someone with more knowledge will be around to help you out in more detail soon. goodluck, hope you get this all straightened out soon, before he passes away.
Hang around, I am sure that someone with more knowledge will be around to help you out in more detail soon. goodluck, hope you get this all straightened out soon, before he passes away.
Welcome kim,
His father should pay it. He should ask his father to pay it off. If his father cannot pay it then even he can pay if as it was a mistake on his father's side. I don't think it is worthy to make his father face any bad situation because he is in his last stage of his life.
His father should pay it. He should ask his father to pay it off. If his father cannot pay it then even he can pay if as it was a mistake on his father's side. I don't think it is worthy to make his father face any bad situation because he is in his last stage of his life.
But who is legally responsible to pay it is what she is asking? this is a little goofy because it was quit claimed to someone else, how can somebody sell property that is quit claimed to another person and why would someone put their child in this type of mess.
Yes jbarto, her father is legally responsible. But do you think you should make your father face some bad experience before his death? As a beneficiary if you can enjoy his property why don't you take his liability?