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Here's the fear- if you dump a lot of money into repairs, and the ownership is legally challenged and you lose, was it worth fixing up the house? No matter

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Old 12-19-2015, 02:07 PM   #1 (permalink)
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Here's the fear- if you dump a lot of money into repairs, and the ownership is legally challenged and you lose, was it worth fixing up the house? No matter how you feel, it's not yours until your name is on the title. Title first, then HELOC and repairs. Use whatever funds you can get together for the legal side. Estates can be nasty, litigious things and it would suck to fix the house right before it goes to some estranged relative with a better attorney.
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Old 12-20-2015, 02:39 PM   #2 (permalink)
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Originally Posted by Chuck33079 View Post
Here's the fear- if you dump a lot of money into repairs, and the ownership is legally challenged and you lose, was it worth fixing up the house? No matter how you feel, it's not yours until your name is on the title. Title first, then HELOC and repairs. Use whatever funds you can get together for the legal side. Estates can be nasty, litigious things and it would suck to fix the house right before it goes to some estranged relative with a better attorney.
OP, Chuck has given you excellent advice. Earlier you mentioned "locked trust", I assume you mean its irrevocable without a beneficiary. Most likely, one of two things will happen depending on your state law.

It could revert back to the original grantor's estate (your grandfather's) or it could go into your Father's estate. The attorney you're speaking to, should know the answer to this. But it sounds like he doesn't, so if I were you, I'd get a different attorney that knows the answer. All states should have specific laws in regards to this.

I'm not going to jump on you for the asking of money. However, I will jump all over you, if you receive money, put it to the home and then not even end up with it!
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Old 12-19-2015, 02:11 PM   #3 (permalink)
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^^^^, Yep, and it's unlikely someone will have more right to the house then the kid, some random relative is unlikely to win a court case that they should have gotten the house over the son who lives there. First thing I would have done is see if there is maybe a lawyer on here in your area that could offer some free advice, or even take an IOU to help get the house in your name.
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Old 12-19-2015, 02:14 PM   #4 (permalink)
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True, but without seeing the trust docs it's hard to say.

Just the ability to borrow against the house for repairs makes the ownership issue job one. Honestly, rewrite the godundme to state that's what your doing with the money and you may have more luck.
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Old 12-19-2015, 04:17 PM   #5 (permalink)
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Man I got nothing to say to you dude, SACK UP. just sell the ******* house if you cant afford to repair it.
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Old 12-19-2015, 04:19 PM   #6 (permalink)
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SMFH you want people to chip in and fix the house that you dont even have the title to? WTF
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Old 12-19-2015, 07:35 PM   #7 (permalink)
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Ommateal,

I am sorry for your loss. The solution is for you to get rid of the Z (somehow) even if you still have to pay for it or are upside down, change the vehicle with a reliable beater, that way your monthly payments are lower. Once you don't have your expensive monthly payments for the Z, repair the house little by little starting with the major repairs. Heck! you can even do it yourself if you have a handy book and some time.

Once the house is fixed you can get the Z back and go with your life.

I really hope the best for you.
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