Is it possible to give a deed to my son and his wife and still live there?
If you convey a remainder interest to them and you retain a life estate, you have the exclusive right to live in the house until you pass away.
Staten Island, NY
Real estate Lawyer at Staten Island, NY
Practice Areas: Real Estate
If you convey a remainder interest to them and you retain a life estate, you have the exclusive right to live in the house until you pass away.
Considering your myriad trepidations and concerns, the best way to protect yourself is to not buy a house at this time.
Answering this question from a New York perspective, the answer is yes.
She could ask that as part of the matrimonial settlement, her soon to be ex-husband refinance the mortgage in his name only with title to the house...
Not likely, unless there was some semblance of fraud, deceit, duress and/or lack of capacity on the part of the Grantor.
If this were real estate located in NY? Not much.
If you haven't paid your association charges and you have no defense to not paying, and the Declaration so allows the Association to foreclose,...
More importantly, what prompted you to pay 75,000 for this property a few years ago?
You should retain a Professional Engineer of your own choosing to investigate this issue with the local Department of Buildings in the Municipality...
The contract should be able to readily provide you with that answer.