What can I do to protect myself and my property?

What is missing from your facts, is an explanation as to how your sister in law got on title in the 1st place? Was this an error by the escrow...

Shall we cancel the purchase agreement and get fully refund of deposit?

What does your agent say when you question him or her about this issue? Definitely more information is needed to answer the question. But I can...

What is the proper legal process of transferring ownership of property?

First off, you say the IRS lien exists because of YOUR unpaid taxes. You don't state whether you file jointly or other? The subtext is that your...

Have house that was quiet titled. Mother will live there til passing? Can this house be placed in trust in meantime to protect ?

A lot of information between the lines missing here. Would need to know a lot more as to how title was quieted in your name? And is your mother...

Attorney Daymude makes some good points. To be safe I think you should consult with your CPA or other tax adviser before doing anything.

I actually agree with both counsel who have responded thus far. Did you volunteer to the lender that you are a beneficiary of this trust.. how did...

Agree 100% with attorney Koslyn. You need to consult with a CPA because there are different tax rules depending on the type of entity in which you...

You would convey to your sister by Quitclaim deed your 1/2 interest in the property and have it recorded with the Prelim change of Ownership form...

Another option is to have the salesperson and broker collectively sue (arbitrate) with the buyer ( who hopefully will settle without a lot of cost...

What legal structure is required for purchasing a home with a non blood relative, for both legal and tax purposes?

I agree with attorney Koslyn's answer. Further I suggest you consult with a CPA before doing anything.