Submitted by GRA on Thu, 12/10/2009 - 12:53
Posted in
Two siblings own a second home free and clear. One of the siblings would like to sell her share to three family members. We'd like to have the three people put on the deed and take equity out of the home to finance the purchase. Can we still do this and what are the waiting period and steps?
Read Similar Questions
- Selling mom's house held in irrevocable trust to buy her a new one
- Selling house that is part of estate in MA.
- Selling a home that is in a state of disrepair
- I own a property with my husand and my parents, all are listed on the mortgage and deed.
- Landlord showing home to buyers before lease ends
- Family lawsuit revolving around deed on house
- Sole Beneficiary/Transfer of Deed question
- Property division
- Paying for days not spent in apartment due to damage
- Spousal elective share and assests moved during a marriage unknown to the spouse.
Recent Posts about Massachusetts Laws
| Forum | Last post |
|---|---|
|
I have a lease until June 2012, but I am very unhappy with my living situation, I pay half of the rent. I am a....
I cannot answer this question based upon your statement. Who are they....
|
2/8/2012 11:00 by Alexm2012 |
|
Is it legal for Massachusetts employer to send a SALARIED employee home for the day, without pay, for a dress ....
Federal and Massachusetts courts have upheld employee dress codes as l....
|
2/8/2012 09:09 by Munsterwoman |
|
Hi, I'm the grandmother of 4 beautiful grandchildren. The oldest has hit a rough spot with defiance (puberty ....
I'm very sorry about your situation and the ordeal your family is goin....
|
2/7/2012 23:02 by gramy |
|
Hello. I'm in the middle of an appeal for SSDI and my attorney asked me to get a residual functional capacity....
First, I guess it's not a good sign that you do not trust your current....
|
2/7/2012 08:18 by Adam13 |
|
Hi everybody.
I am trying to make an offer on a house, which is an estate sale. As I understand, the execut....
|
2/6/2012 13:50 by ilya980 |
|
I've been helping a friend pay for a lawyer to go to probate court.
Her ex-Boyfriend, whom she is taking to c....
|
2/6/2012 12:21 by rbiddle |
|
If I witness a person getting beat up at a party and just run away without calling the cops or helping the guy....
I don't think so. In terms of civil liability (as opposed to cri....
|
2/3/2012 07:17 by Coller |
|
My father passed away in September. The probate is over and settled, no contests to the will. My mother is the....
Your dad died in September and the probate is already settled – ....
|
2/2/2012 18:50 by JGraul |
|
Hi. My cousin is charged with possession with intent to distribute drugs in a Massachusetts court. He is not a....
Unfortunately for your cousin, if an immigrant is convicted of certain....
|
2/2/2012 08:07 by Sister6 |
|
Just curious if you have any thoughts or have read any information regarding the success rate of divorce media....
Yes, I've also seen the 90% estimate on various websites, with some me....
|
1/24/2012 11:47 by RRM |
|
Several of my colleagues will dictate consultation notes in which they state they don't have the complete hist....
The question probably boils down to whether or not such practice is wi....
|
10/2/2011 18:37 by Anonymous |
Editor's Response
Assuming that the other sibling is amenable to the plan and that the three 'family members' are able to qualify for a loan, it is certainly possible to transfer ownership to the family members. The first step is to find a real estate attorney in your area who can review the current ownership structure, draft the necessary documents (deeds), and help get the financing in place.