georgie george
Junior Member
After 13 years, a relative of mine informed me in July of this year I was in Joint Tenancy with her on a property I am currently living.
If I had known I was in this Joint Tenancy, I would have sold the property years ago, if that relative had either signed a Quit Claim Deed, thus releasing the entire property to me or I would have agreed to sell the property and we would have divided the proceeds equally, if she had refused.
With the market and the financial state the country is in now, it is virtually impossible to sell real estate. Now I am stuck here. And for years, this person knew I had wanted to move but needed the proceeds for the property I am living, in order to do so.
My question is: Is there a law which requires an individual to notify others their name is on such type of legal instrument as a Joint Tenancy Deed. And if there is such a law, what are the penalties for not notifying the other party of the Tenancy or where would I find the answer to such a question.
Thanks
If I had known I was in this Joint Tenancy, I would have sold the property years ago, if that relative had either signed a Quit Claim Deed, thus releasing the entire property to me or I would have agreed to sell the property and we would have divided the proceeds equally, if she had refused.
With the market and the financial state the country is in now, it is virtually impossible to sell real estate. Now I am stuck here. And for years, this person knew I had wanted to move but needed the proceeds for the property I am living, in order to do so.
My question is: Is there a law which requires an individual to notify others their name is on such type of legal instrument as a Joint Tenancy Deed. And if there is such a law, what are the penalties for not notifying the other party of the Tenancy or where would I find the answer to such a question.
Thanks