Q: Hi. Heres my question: Can someone who is a Personal Representative of an estate be a co-owner of a condo co-owned by his 23-year-old son? I was told this transaction is an At Arms Length deal but it sounds like something isnt right. The son is not old enough to be sole owner of the condo according to the condos Board so the father will be the co-owner on paper. The only reason the son is buying the condo is for homesteading purposes. The attorney involved is a friend of the father and son and is fully aware of the situation. Does this sound legal and legitimate or should I have concerns? Thanks, BarbaraBarbara, Tampa, FL
A: Laws are different in every state. The best advice is to consult an attorney.
A: Is the property a short sale? Why does it matter what the relationships are Can you re-word the question, because Im not sure if you are the buyer or the seller.
Sincerely Leah Layman
A:I recommend you seek the advise of another attorney in your state, not that of a Realtor. This sounds more convoluted than can be clearly assessed in this Ask a Realtor forum.
Similar Posts:
- We Had A Home Under Contract And It Was Sold To Someone Else, What Can We Do?
- How Can I Sell My Condo?
- Info About What Is Involved Within The Short Sale Course Of
- $230,000 USD MLS® – Kings Gate, Las Vegas, NV, US
- What Is The Real Market Value Of A Home Today?
