Is your sister older or younger than you?
Older x 3 years.Quote:
Is your sister older or younger than you?
Undivided interest = partitionI Have Spoken said:
As someone who has family land, you need to define how everything is going to work today on the front-end in writing. Don't assume that your relationship today will dictate that each party will act fairly in the future. Their property needs to be separable in a way where they can sell it or the other piece can be sold without a huge impact to any of the involved parties.
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So who knows how that shakes out.
SteveBott said:
Pretty sure the state killed contract for deeds through legislation. I think there are some loopholes but you need attorney advice
one MEEN Ag said:
Potential solution would be for your in laws to offer to set up and buy a mobile home for them and charge them 'rent to own.'
Might help with entitlement mentality. The grown children get to stop 'throwing money away rent' and the parents don't cede complete control of their land.
It would have to be clear that they would be renting to own the mobile home, not the land beneath it.
If it ever comes to a head with your inlaws and the son in law, they can evict them and pay out his share of the mobile home.
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he needed $100.
ElephantRider said:
Update to my story: Mobile home company wanted them to put "way too much" down (not sure of exact amount), so we all dodged a bullet.
histag10 said:ElephantRider said:
Update to my story: Mobile home company wanted them to put "way too much" down (not sure of exact amount), so we all dodged a bullet.
Were they expecting a 30 year FHA type loan with less than 5% down?
ElephantRider said:histag10 said:ElephantRider said:
Update to my story: Mobile home company wanted them to put "way too much" down (not sure of exact amount), so we all dodged a bullet.
Were they expecting a 30 year FHA type loan with less than 5% down?
Who knows. They had to put down $1,000 refundable deposit to start the process, they probably thought that was all it would take. They're not smart.
TxAG#2011 said:
So your advice is to turn into an ass hole and lawyer up whenever there is uncertainty involved? That's a ****ty way to live life and I wish more people didn't act like that.
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call a family meeting with an attorney expert
Thank you for asking, Dr. Venkman. He turned 13 last week! There is not improvement, nor will there be, but his meds keep him going with adjustments here & there. Overall, pretty good.Quote:
How is your nephew?