Co-ownership & selling home-- when should I receive an attorney?
Me and my husband and father (unfortunately), are all co-owners of a home. My husband and father both lost their job a year ago and my father had to steal his pension out to recompense mortgage so we don't foreclose (I have be in college and basically graduated contained by August). Anyway, my father said that he is going to get adjectives the money when the house sells! I told him bs that things are to be split up since we are ALL co-owners. When should I acquire an attorney? I want to make sure my kids and I procure our share of the profit and want to make sure my dad does not screw us over...since that is to say his intention.Answers: You need to know how title be taken, not just that adjectives three of your names are on the title. There isn't a approach for your father to receive all the money from the Dutch auction of your property. First of all nearby is a Prelimary Title Report done to find out who is on title, and if there is a cloud on title. Then subsequently in the transaction nearby is a second title report done so that if there is a lender lien,mechanics lien or anthing else on title it would hold to be free and clear.
If the title states Joint Tenants, then you respectively have a third entitlement to the property contained by question. It is not a 50%(husband wife)50%father type of situation. If you want to payment an attorney rather than a moment ago doing everything yourself be my guest but in the long run freshly because you have an attorney doesn't guarantee a better outcome.
Don't freak out, he doesn't hold a legal leg to stand on.
He can technically move about to court at any time and can force you two to "buy" him out of the transaction.
As long as his name is on the title, he is other entitled to 30% of the profits of a sale.
No intercede is going to allow him to just "lift over" the transaction, b/c both you and your husband own more than he does.
you and your husband own him your share that he paid for you. if he tries to market, anyone interested will do a title check and find out that all three are on the work. it at closing the check will be divided according to the ownership interest. really thing he is basically rattling your tie up good luck
Mobile home park turns me down?
I looked in a mobile home park for a mobile home surrounded by southern California and I had ample to pay it adjectives off because of an inheritance and the lot rent be 450 a month. They turned me down cause I don't trademark 1600 a month. Is this legal and are most places contained by California like this?Answers: Why not buy a condo?
--can they turn you down? I own to read their contract. Owners and
landlords have closely of rights
AS they should!
Yes, this is legal. They are allowed to reject anyone who they believe does not earn plenty to make the monthly payments.
Good luck.
do you own a lot contained by savings because of the inheritance? Let them know if you own a huge chunk of dough in the sandbank. Are you retired? I would certainly required alternative sources of income considered.
Can you claim your parents house on your tariff return if you've be paying for the mortagage for adjectives of 2007?
If I've been paying for my parents mortgage for the ending year but my name isn't on the loan, can I still write past its sell-by date the interest on the loan on my 2007 tax return?Answers: You can singular claim the interest if you are legally responsible for the transfer of funds
No. If your name is not on the mortgage, you cannot claim the mortgage interest.
You can also not claim your parents as a dependent unless they are disabled and you hold legal guardianship.
It used to be that you could claim anyone as a dependent that you be providing more than 50% of the support to, but no longer.