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