Recent content by Reseeker

LdiJ, yes—point that I had not thought about. Also, I believe partnership is the only way to represent our interests equally and avoid problems going forward. Any other policy title seems to require unequal representation/influence.

OK, Thankyou for the information!

Hi HRZ, you are saying I could change the locks & rent the house out. But tenants in common says that we all have equal access. What is to prevent other owners from changing the locks again to gain acces? Tenants in common property says equal access by all owners. Can you provide more...

Hello HRZ, Thanks for your response. The Grant Deed is Tenants in Common. I think that means we all have equal access to the property; so from that base, we need agreement. I can’t restrict any other owners access & so we would all have to agree.

Hi Jack, do you have any idea how much a partition action might cost? My share is worth $175,000-$200,000. So that is too much money for me to quitclaim away. I agree, it is very dysfunctional.

HRZ, that is the plan for the future—to rent it out. The residential policy will be converted to a Landlord policy at the end of the term. I was of the understanding that we all need to agree in order to rent. But the insurance company has said they think the policy should convert to a Landlord...

HRZ, we are in the process of getting the policy rewritten to a Landlord policy. Right now, I am trying to understand how the new policy should be written in order for their not to be any undue influence favoring my brother. In the existing policy, an endorsement is there restricting my right to...

“It would be a tax nightmare, otherwise”. Thanks LdiJ. That is a great argument for partnership. I never thought of those consequences.

“IN the meantime as owner, why not simply make use of the property...sure to fire up others!! You may have unilateral right to just go do it!” Thanks HRZ, The Grant Deed says “tenants in common”. So, I think we all do have the right to use all of the space. The house is being used like a...

“2 - Force the sale of the property through a partition action. You'll need a lawyer. You'll pay a lot. Your legal costs may exceed whatever your share of the proceeds will be”. Thanks Jack, “Force the sale of the property through a partition action”. My share of the house is worth about...

It’s been almost 1 year. I provided my grant deed to the insurance company showing that my share of the house is in my living trust. The document I got shows: Additional insured: 1 Trustee name: (my name) 2017 Revokable Trust dated 6/1/17. Then under conditions respecting binder, it says: is...

What is the name of your state (only U.S. law)? CA Myself and 3 siblings inherited my fathers house when he passed. My oldest brother was executor of my fathers estate. It has been several years & all property has been distributed from my fathers Trust (including his house). We have a grant Deed...