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Ratings. Guidance. The Right Lawyer.
Should I get a real estate attorney? I had title insurance.
Washington, DC
Viewed 24 times.
Posted 7 months ago in Real Estate
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My grandmother passed in 2006. She willed her home to my mom. My grandmother had a reversible mortgage. We wanted to save the home but no one was able to obtain a new loan to pay it off except me. My mom gifted the house to me (via attorney). I purchased the home 12/06 & then refi in 8/07. By 12/07 I wasn't able to make the payment bymyself. In 2008 I tried to sell the home. I had several buyers but when the title work was done my grandmothers name was still on the title and mine wasn't. Also there was a lien on the home in my uncles name from 5+ years prior to my grandmothers passing. Unfortunately the house was foreclosed and my credit is ruined. I don't understand how I was able to purchased and refi a home that wasn't in my name and had a lien on it. Is there anything i can do?
Answers (1)
Michael E Hendrickson
This attorney is licensed in Dist. of Columbia.
Posted 7 months ago.
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If your grandmother had a reversible mortgage on her home , it's unlikely that she could've have validly willed the home to your mother as the financial institution (or its successor in interest)which had given her the reversible mortgage would've likely been the new owner.
You might wish to arrange for a consultation with the attorney who apparently prepared the alleged deed of gift (which also very likely was invalid) to determine whether this web of apparent mistakes and missteps can be clarified in order to answer your questions concerning these apparently bungled legal transactions. M.E. Hendrickson, Esq. Alexandria, Virginia 22314
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