Google
Think Glink
Web
 
Articles by Ilyce
Untitled Document

Son Won't Give Up Property Rights

REM #A825

By Ilyce R. Glink

Summary: A ThinkGlink reader writes that her mother wants to sell her house. The house deed has three names on it: the mother, the son and the daughter. The son won't give up his interest in his mother's property to enable the sale. The reader asks what legal recourse her mother has to remove the name of the son. Ilyce says the mother's options are limited and this is a case that shows why parents should think carefully before executing a quit claim deed. The mother may have to share the proceeds of the home sale with her son.

Q: My mother, my brother and I are listed on the deed to my mother's house. In the event of her death my brother and I will be the remaining owners of her property.

Mom now wants to sell the property and has asked both my brother and I to hand over our deeds so that she can be the only one listed on the deed. I have handed over my deed but my brother refuses to. My mother cannot sell the property until he does so.

What legal recourse does she have to get him to hand over the deed so that she can move forward?

A: Unfortunately, your mother may not be able to force your brother to give her back his share of the house. If she gave a gift freely, and he accepted the gift, she can't take it back any time she wants. This is another example of why parents should not go about quit claiming their property over to their children without taking the time to think through potential worst-case scenarios.

If your mother wants to sell the property, she may have to agree to share the money from the sale of the home with your brother. If he owns a third interest in the home, he might end up with a third of the money from the sale. If he takes the cash, she should then consider his actions and the money he received from the sale in determining what, if anything, he should receive when she dies. She would need to execute a will that that distributes the rest of her estate as she sees fit, taking into account the money he received from the sale of the home.

Please talk to an estate attorney for more details and perhaps some additional legal options you may have if there are other circumstances that affect your arrangement.

In some families, quit claim deeds are never delivered to the kids and in many cases never recorded. If your mom is still listed as the sole owner of the home on the county records office and the quit claim deeds were never recorded, this information along with any other specific information she may have may assist her and her attorney in determining what course of action she should take in trying to sell the home.

NOTE: Ilyce R. Glink's latest ebooks are "The Clutter Collector: How to Get Rid of Clutter Everywhere in Your Home" and "How to Save $50 a Month," which are available at her new, all-video website, www.expertrealestatetips.net. If you have questions, you can call her radio show toll-free (800-972-8255) any Sunday, from 11a-1p EST. You can also write to Real Estate Matters Syndicate, PO Box 366, Glencoe, IL 60022 or contact her through her website, www.thinkglink.com. © 2008 by Ilyce R. Glink. Distributed by Tribune Media Services.

Thinkglink Popular Stories...

Capital Gains Tax Question
Quitclaim Deed Does Not Change Mortgage
1031 Exchanges to Avoid Capital Gains Taxes
Fire Damage Jeopardizes Short Sale
Partnership Agreement Prevents Home Sale Woes

Link to This Article

Like what you've read? Spread the word! You can link to this article from your website by copying the following code and adding it to a page on your website:

 

Ilyce
Ilyce

  • Recommended Stories..
  • Refinancing With Poor Credit Score
  • Building Out Your Closet on a Budget
  • Buying a House with Bad Credit
  • Buy Rental Property With Home Equity Loan
  • Bi-Monthly Mortgage Payments
  • Looking At A Seller’s Closing Costs
  • Retirement Accounts Questions
  • Capital Gains Tax Question
  • How Do Reverse Mortgages Work?
  • WGN-TV Show Notes -- February 28, 2001
  • 1031 Exchange to Avoid Capital Gains Taxes
  • Loan Qualification Question
  • Dealing with Synthetic Stucco Homes
  • Buying A Used Car
  • Tenants By The Entireties
  • 401(k) Open Enrollment
  • Creditors "Charged Off" Credit Account
  • How Do Reverse Mortgages Work?