I own a home co jointed with my father. He has agreed to a deed transfer, but his attorney is asking for an asset to debt ratio on the home. The mortgage left is $2300.00. Is this a smoke screen, so they can force me to sell the property or will I get the deed.
2 Answers from Attorneys
That is relevant when a financing is involved not a mere deed transfer.
I would hire your own attorney to review the situation. As Mr. Slater says it sounds like there is financing involved. Don't sign anything without making sure you understand and agree to it all.