New York  |  Real Estate Law

Legal Question

Asked on: 10/05/04, 4:23 pm

deeds, life use and occupancy

If a deed gives a lifetime use and occupany on a dwelling to someone, does that person have the right to borrow money or have a mortgage filed against the property in their name?

senario: my elderly client was given a grant for repairs on her home. these grants are recorded as liens on the property. The last deed on file is from my client deeding the property to her two daughers. The deed description states that my client( the mother) can have use and occupancy of the dwelling until death.

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