Tuesday, May 25, 2010

A relative ha died. when he was alive he signed his house over to an equity company. the house is a big mess


Answer:
And?...
Further details would greatly assist with an answer..
Really? You dont say.
Well im right-you didnt say. We dont know what you are talking about.
Really Sorry to hear one of your relatives has died...
The Executors of his Will should seek legal advise ASAP.
Do you mean the house is a mess or that the paperwork for it is a mess and that you dont know who owns it ?

If it is the latter, then the executor should put the house on the market and the Equity company will have a contract (there should be a copy in your relatives possession) which will state as to how much they are entitled to from the sale of the house. It could be as much as 50% but it will depend on the contract that your relative took out with them.

The executor should get in touch with them straight away so that you know where you stand.

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