Skip to main content

Will my father be able to sell his house?

There’s a couple more questions I have regarding my current situation but I’ll start with this one.

My dad has owned our house since 1992 I believe or 90, I forget and as of now owes a bit under $6.5k to finish paying it off. Me and my sister have been helping him pay it off for the past year since he’s fallen into hard times financially, now we have often discussed the prospects of selling the house and he personally told me he’d much rather put the house to my name, and do as I want with it, if sold, we’d split off the money between me, my dad, sister(though she’s said she’s not interested in, but I fail to believe will end up being true) and I imagine my mom as well (they’re separated, but in okay terms).

Now when my dad financed the house he had my aunts husband (not 100% sure if ever married but I’m assuming) co sign with him. Fast forward 25+ years, my uncle fled back to Mexico after he got caught up in some stuff, no one knows where he went, but safe to say he’s long gone from our lives now.

Now the question arises from the fact that if we try to sell the house my uncle would be unable to sign off on anything, now I imagine that would prevent us from being able to sell the house, no? But I’m sure there must be some loopholes around this, right? If so what are my best options, and I’m hoping I can avoid getting a lawyer and what not because money is tight. But in the end, whatever can help us sell the house is what I want to do.

I’m hoping with the money I get from the sale of the house I get into investing in real estate, now of course this is all with the assumption that my father will give me a cut. Now I’ve thought of maybe getting my father to sign lawful documents promising he will, but my gut trust he will come through.

Thanks for reading and thanks for the advice!

submitted by /u/jaysonsanches
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/e4a8n0/will_my_father_be_able_to_sell_his_house/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...
Post a Comment
Read more