So my grandmother recently died and my mom/aunt/uncle inherited 1/3 of the house each. Me and my mom had been living in the house to care for my grandmother and we decided to pool our funds and buy out my aunt and uncle.
What we want is for the any future sales/ect to require both of our names AND if one of us should die the other automatically owns the whole property without probate or other concerns.
The top of the contract written up by my uncle (most likely with a template of some sort) it states
PARTIES: ___Uncle. Mother, and Aunt_____("Seller"),
2* and __Mother and Myself Right of Survivorship_______ ("Buyer"),
I'm looking things up and for both to need to sign to sell/ect is 'AND' while actually getting the right of survivorship would be 'OR' (but that alone would let either sell the property without both agreeing) for getting both it would be 'AND/OR' right?
So would I need him to adjust the contract or does what's already there work.
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source https://www.reddit.com/r/RealEstate/comments/nnzbqi/first_time_buying_a_home_small_help_with_legal/
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