A few months ago, my grandmother passed away and left in her will that all the assets be divided up and distributed equally between her four children. For the past year while she's been in poor health, I've been living in her house taking care of it and watching over her things. After she passed away, I decided that i wanted to buy the house. As of right now, my aunt and her husband who live in Louisiana are making things difficult by saying they don't want me to live in the house, and won't pass approval on it. Can anyone explain to me what legal strategy or action I can take to ensure that i am entitled to buy the house?
If this seems vague, i'll try my best to clear things up through your questions. Yahoo answers has never let me down before, and i know you guys won't know. Thank you for hearing me out. God bless.
2007-09-04 11:48:05 · 5 answers · asked by youshallhaveeverbeen 1 in Politics & Government ➔ Law & Ethics
find out the fair market value of the house and offer that to the four children...you may get a taker, who will help you to convince the others..
2007-09-04 12:20:52 · answer #1 · answered by sirbobby98121 7 · 0⤊ 0⤋
If your grandmother left her assets to be divided equally among her four children then your parent (mother or father) would inherit the 1/4 of the estate and not you. If you want the house then it appears that you must offer to buy it, if and when it comes on the market.
2007-09-04 11:58:36 · answer #2 · answered by malter 5 · 1⤊ 0⤋
You can buy the house at market value.
Since there are other owners of the home now, explain to them that they won't have to pay for a real estate agent to show the home or upkeep to fix it up for sale, or if there is still a mortgage on it, payments to the bank until a buyer is found.
That might cause them to put pressure on the Louisiana people. You have no entitlement, but there isn't any reason for you not to buy it at the assessed price, the other three heirs won't be happy being absentee landlords.
2007-09-04 11:57:47 · answer #3 · answered by justa 7 · 1⤊ 0⤋
You have no legal standing to the house. It now belongs to your grandmothers four children. They can either decide to sell it to you or not to sell it to you.
If the only concern they have is that you won't be able to get a loan, why not see a mortgage banker and get pre-approved?
2007-09-04 11:55:38 · answer #4 · answered by davidmi711 7 · 1⤊ 0⤋
Come up with the cash and make an offer. You have no legal rights beyond what was in your grandmother's will.
2007-09-04 11:53:20 · answer #5 · answered by Lavrenti Beria 6 · 1⤊ 0⤋