Posted on: 18th Jun, 2008 12:01 pm
my parents owned a timeshare in virginia. my father died last year and my mother just died. i am the adminstator of her estate. she did not have a will. can i do a quit claim deed to get the timeshare into my name? the timeshare is paid for in full.
No. You must have a court order to put the title into your name. You may be able to do an Affidavit of Heirship. Otherwise, you may need to open a probate. Contact a probate attorney.
Hi missref.
Welcome to the forum.
I have to agree with jheard that you cannot quitclaim the timeshare on your name as you are not the owner of the property. Only an owner can quitclaim. So you should file Affidavit of Heirship in the court.
Best of luck,
Larry
Welcome to the forum.
I have to agree with jheard that you cannot quitclaim the timeshare on your name as you are not the owner of the property. Only an owner can quitclaim. So you should file Affidavit of Heirship in the court.
Best of luck,
Larry
I am tired of making payments on my timeshare. what happens if I quit paying and it goes into foreclosure. What will that do to me?
Hi mbpship!
If your property goes into foreclosure, your lender will try to recover the debts by selling your property. If the lender is unable to recover the total debts, he may also place liens on your other properties. The foreclosure will also remain in your credit report.
Thanks.
If your property goes into foreclosure, your lender will try to recover the debts by selling your property. If the lender is unable to recover the total debts, he may also place liens on your other properties. The foreclosure will also remain in your credit report.
Thanks.