Financial Challenges Support Group
This community is for people who are struggling to meet financial obligations of any kind. Financial challenges include everything from the day-to-day challenges of making ends meet to managing credit card debt to bankruptcy. Get support from others who are going through similar obstacles on the road back to financial stability.
Sparkie119
Long story short...Mom died a month ago leaving 25 years left on a mortgage. Mom's house was our family's holiday and summer home. Sister had her room, I had my room and our kid's shared the other 2 guestrooms. It was always known that I was to get the house and property in SC while my sister got the condo in NY. Sister transferred the mortgage and deed from NY into her name 5 years. Condo is worth 250K...Mom didn't feel she needed a will cause everyone knew her wishes.
You guessed it!!! One week after my mom's death, sister reminds me that mom had no will and she is entitled to half of the land and property in SC. Here is the catch...Someone must assume the mortgage. My sister wants me to put the mortgage in my name while both our names are on the deed. I kindly informed her that was not an option. Mortgage in my name, deed in my name. Mortgage in 2 people name, deed in 2 people name. We are now at odds.
I've taken the steps to proceed in Probate court without her. In SC, all I have to do is send 3 cetifified letter making attempts for us to settle this in a nice way then I can petition the court to declare myself the personal representative of the estate. Here is the problem....I already have 20 years left on my home here in PA with my hubby. We also have a motorhome. A 3rd mortgage will put us in monthly struggles to keep up with all these financial obligations. I can not bear to lose my home in SC. If I assume the mortgage, my sister can squat, come, not pay bills and do whatever all a while I am financially responsible for the mortgage. Mind you SC law states she is entitled to half the land and half the house.
What can a lawyer do for me...Why spend money on a lawyer if that is in fact the law?
You guessed it!!! One week after my mom's death, sister reminds me that mom had no will and she is entitled to half of the land and property in SC. Here is the catch...Someone must assume the mortgage. My sister wants me to put the mortgage in my name while both our names are on the deed. I kindly informed her that was not an option. Mortgage in my name, deed in my name. Mortgage in 2 people name, deed in 2 people name. We are now at odds.
I've taken the steps to proceed in Probate court without her. In SC, all I have to do is send 3 cetifified letter making attempts for us to settle this in a nice way then I can petition the court to declare myself the personal representative of the estate. Here is the problem....I already have 20 years left on my home here in PA with my hubby. We also have a motorhome. A 3rd mortgage will put us in monthly struggles to keep up with all these financial obligations. I can not bear to lose my home in SC. If I assume the mortgage, my sister can squat, come, not pay bills and do whatever all a while I am financially responsible for the mortgage. Mind you SC law states she is entitled to half the land and half the house.
What can a lawyer do for me...Why spend money on a lawyer if that is in fact the law?
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Gotta question how much use is her house? How many times yr can you stay what ten days at most? Your sister is greedy gus but you lose that count because she changed names five years before death did she pay anything?
Give thought to giving up house to her mortgage and her paying you for your half
Me giving up that house is NOT an option. I will go down fighting. Hopefully my sister will come to her senses and realize that it is best for us both to share it and split the expenses.We really do/did look forward to family holidays and get togethers I know mom left me the house but I really dont mind sharing it especially since there is 25 years left to pay on it.
It was well established by my mom that my sister got the cndo and I got SC. Thats why when they came up with this her taking over the mortgage in NY, I didnt care because the condo was to go to my sister anyway.
Instead, it is time to ask yourself some very hard and important questions and answer them HONESTLY:
--Does the S.C. home require repair?
--Can you afford the mortgage for the S.C. home?
--Can you afford the upkeep for the S.C. home?
--Can you afford a protracted legal fight for a home you may not be able to afford?
--What happens if your husband or you are injured or become very ill; do you have an emergency fund put away to handle that or would your home end up in foreclosure while you're going through a protracted legal battle over the S.C. home?
If you can answer those questions without emotion and come to the conclusion you cannot afford the S.C. home nor the protracted legal battle, it would be best to sell the S.C. home to your sister for some amount (realize she is not going to pay the full amount and will probably pay half) and get this off your plate and get some money in to pay some mortgage on your home.
Do not blame this on your sister. All this is due to your Mom and it is her fault she did not have the proper estate papers and that she transferred the NY property to your sister. My doctors are a big HMO by a large insurance carrier and every time I go in they ask if I have a will, a medical power of attorney and a living will should I become unconscious or in a coma. So some medical insurance carriers are stepping up and having doctors ask their patients if that those important document and then note the responses in the file and note where those documents are located or who has them.
Good luck and many hugs.
You say that's not an option but you will sentence yourself to a lifetime of extra grief if you don't.
With already having two mortgages on both the family home and the motorhome, selling the motor home will probably have the money going to pay off the mortgage on the thing. You probably won't see much in your pocket, if anything.
Don't forget the attorney fees that you have to pay to pursue someone and that this will probably be a fight in court that will last a while and probably be a federal court because I believe the people and the property are in various states.
The Mom's wishes will be disputed by both sisters. The disposition of the Condo will be disputed by both sisters, but if the Mom signed off on it all, then there's little dispute there unless you want to try to prove the Mom incompetent back then. You're talking more money, you're talking doctor testimony and it's not easy. And if she was incompetent to sign off on the condo papers, she probably was incompetent to tell you both that you were to share equally. Then it becomes left to the court to decide what to do with everything.
Does anyone know if there are tax liens or any other liens on the S.C. property?
You may do well to get a consultation with an attorney that deals with probate without wills. Find out what they suggest and what they would charge. It will give you a very realistic idea of what you are up against.
Guess what this bit** does...She writes out a check to herself dated Feb 22 in the sum of $8,900...totally wiping out my mother's checking account! Sis says it's legal cause she had power of attorney at that time but she didn't present the check to be paid until April 1st and the bank paid it because my mom's checking account was never closed. The reason why we didn't close mom's checking account was because all the utilities and the mortage were coming out throug auto deduction. My sister says...well the house is yours..you think I'm going to be paying your bills from mom's account/
Went to probate court on April 12th...Judge is totally with me. Sister was even stupid enough to type me up a letter admitting she stole the money. In 30 days, the judge will make me the executor...i can then get a copy of the check...the bank will launch an investigation. Judge says worse comes to worse, he will sign EVERYTHING over to me. PS>>>Sister has a criminal conviction for food stamp fraud in state of VA