The two properties located in Harris County were involved in a trust, and then only involved my brother and I as beneficiaries. There are gift deeds for both properties from my brother and I to each other so we should each own our property separately. When trying to get a home equity loan they say I do not own my property 100% and neither does he. How can I straighten this out?
2007-08-06 15:37:03 · 4 answers · asked by holy_cockatoo 2 in Business & Finance ➔ Renting & Real Estate
I spent thousands for the will to be straightened out to one attorney. She has assured me that I own 100% of my home and my brother owns 100% of his. The title search through Wachovia Bank said it does not show up in "Real Property" search as 100%. Well, my attorney said that the title company would have had to look in "Real Property" records as well as "Probate" records to get the whole picture. I do not have money to spend on an attorney. I am trying to get a small equity loan so I can pay off all my debts and have a clean slate. i appreciate any help I can get.
2007-08-06 16:01:54 · update #1
I spent thousands for the will to be straightened out to one attorney. She has assured me that I own 100% of my home and my brother owns 100% of his. The title search through Wachovia Bank said it does not show up in "Real Property" search as 100%. Well, my attorney said that the title company would have had to look in "Real Property" records as well as "Probate" records to get the whole picture. I do not have money to spend on an attorney. I am trying to get a small equity loan so I can pay off all my debts and have a clean slate. I appreciate any help I can get.
2007-08-06 16:02:15 · update #2
Get an attorney that specializes in real estate.. Here I would go to the appraisal district(deeds are recorded there) and ask them what you need to do to get this straighten up. It may just be paperwork. Did you get your deeds recorded so it's a matter of record?
2007-08-06 15:55:27 · answer #1 · answered by towanda 7 · 0⤊ 0⤋
I'm surprised your mortgage loan officer isn't getting it straightened out for you. I'd fire him/her and get another lender. Otherwise, contact a real estate attorney. Your loan officer should have told you that.
Good luck.
2007-08-06 15:41:54 · answer #2 · answered by Anonymous · 1⤊ 0⤋
are u trying to apply without your bro? if so, the bank won't lend you money on a property that someone else has a claim to.
also, it's very technical with a trust, there are several structures. you need to go to an attorney or the attorney that your loved one hired to set the thing up.
2007-08-06 15:41:26 · answer #3 · answered by Anonymous · 0⤊ 1⤋
you need to see either a real estate attorney or a probate attorney.
good luck :)
2007-08-06 15:41:44 · answer #4 · answered by Blue October 6 · 0⤊ 1⤋