Farmland inherited

[Kiawah]

His fee will be paid by all three parties involved. My aunt's power of attorney (her niece) also agrees.

Not to be nit-picky here, but shouldn't the attorney's fee be split 4 ways (representing the 4 shares), with the bank then paying 50%, since they own two of the shares?

 

[latigo]

Found a local attorney for my parents. Not a complicated solution. The land is already being advertised in local papers -- being put up on bids. The bank gets their half, my aunt gets her 1/4 and my dad gets his 1/4 after it's sold. Thanks, FarmerJ and Nextwife. You two were right on the mark. -Kim

Baloney!

You haven’t been straight with us since you opened this thread, Kimberly!
And you know very well it all has been fabricated from the get go.

Including the last malarkey where you report to us that within a period of less than two weeks you managed to:

1. Fly to North Dakota,
2. Hire a local attorney,
3. The attorney and you secured and have studied a title/litigation report on the farm property,
4. An agreement was struck between the “bank”, your father and an attorney in fact (POA) for your dementia stricken auntie to put the property up for bids with
5. The bank getting half and the other half to brother and sister.

Would you care to explain a few things regarding these so-called expeditious accomplishments of yours? For instance:

What happened or happens to the interest of the other two siblings whom you originally reported (3/27/10) as each receiving a quarter undivided interest in the farm from grandma?

Where, when, why and how did this “bank” with its 50% interest suddenly walk on stage? You certainly aren’t representing that the bank owns half of the farm property, are you?

And if the bank holds a mortgage interest – in an amount absurdly based upon a speculative amount depending on the sale price – then when was the mortgage created and by whom? Just father and his demented sister?

For you to represent to us that two of four recorded owners of land can, can effectively convey marketable title to the land (notwithstanding the interests of a mysterious mortgagee) - and that an attorney would be so foolish as to believe so – is North Dakota hog feed!

 

[nextwife]

Baloney!

You haven’t been straight with us since you opened this thread, Kimberly!
And you know very well it all has been fabricated from the get go.

Including the last malarkey where you report to us that within a period of less than two weeks you managed to:

1. Fly to North Dakota,
2. Hire a local attorney,
3. The attorney and you secured and have studied a title/litigation report on the farm property,
4. An agreement was struck between the “bank”, your father and an attorney in fact (POA) for your dementia stricken auntie to put the property up for bids with
5. The bank getting half and the other half to brother and sister.

Would you care to explain a few things regarding these so-called expeditious accomplishments of yours? For instance:

What happened or happens to the interest of the other two siblings whom you originally reported (3/27/10) as each receiving a quarter undivided interest in the farm from grandma?

Where, when, why and how did this “bank” with its 50% interest suddenly walk on stage? You certainly aren’t representing that the bank owns half of the farm property, are you?

And if the bank holds a mortgage interest – in an amount absurdly based upon a speculative amount depending on the sale price – then when was the mortgage created and by whom? Just father and his demented sister?

For you to represent to us that two of four recorded owners of land can, can effectively convey marketable title to the land (notwithstanding the interests of a mysterious mortgagee) - and that an attorney would be so foolish as to believe so – is North Dakota hog feed!

I agree that something is very fishy.

A: The aunts could not have mortgaged their undivided interest unless all parties signed the mortgage.

B. If the aunts defaulted on the payments, that same undivided property would have been long ago foreclosed. IN TOTAL.

C. Banks do not keep foreclosed properties in their REO portfolio any longer than it takes to unload them. Thus that same farm, had the loan defaulted and the bank foreclosed, would have been long ago sold out of REO portfolio.

 

[latigo]

You are a genuine Shakespearean wordsmith, K!

But now that you’ve exhausted your shallow vocabulary how about answering my questions?

1. What happened or happens to the interest of the other two siblings whom you originally reported (3/27/10) as each receiving a quarter undivided interest in the farm from grandma?

2. Where, when, why and how did this “bank” with its “50% interest” suddenly walk on stage? You certainly aren’t representing that the bank owns half of the farm property, are you?

3. And if the bank holds a mortgage interest – in an amount absurdly based upon a speculative amount depending on the sale price – then when was the mortgage created and by whom? Just father and his demented sister?