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Walk away from Co-op?

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cowboy1200c

Guest
What is the name of your state? What is the name of your state? What is the name of your state? NY

Years ago, my mother bought house but not the land that the house sits on. Then that property went into a co-op, but my mom never bought in. She left me this house in her will. However, I never had the house put into my name.

I never put the house in my name because the co-op said I would have to buy into the co-op. I was under the impression that I would be "grandfather'd" in. Maybe the co-op is just saying this because the co-op wants me to buy in.

Anyway, I was thinking of just walking away from this house. Since, I don't own the land and the house is in very very bad shape. Would I be responsible for this house if my name isn't on the deed. My name is on some of the utilities. I would like to give the house away, but don't think the co-op board will let anyone in.

Any suggestions?? Thanks in advance.
 


HomeGuru

Senior Member
cowboy1200c said:
What is the name of your state? What is the name of your state? What is the name of your state? NY

Years ago, my mother bought house but not the land that the house sits on. Then that property went into a co-op, but my mom never bought in. She left me this house in her will. However, I never had the house put into my name.

I never put the house in my name because the co-op said I would have to buy into the co-op. I was under the impression that I would be "grandfather'd" in. Maybe the co-op is just saying this because the co-op wants me to buy in.

Anyway, I was thinking of just walking away from this house. Since, I don't own the land and the house is in very very bad shape. Would I be responsible for this house if my name isn't on the deed. My name is on some of the utilities. I would like to give the house away, but don't think the co-op board will let anyone in.

Any suggestions?? Thanks in advance.
**A: then have the legal owner or estate deed the property to the co-op.
 

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