[WSBAPT] Tenants in common
Josh Grant
jgrant at accima.com
Mon Aug 21 10:56:15 PDT 2017
If beneficiary /PR is a family member they can continue making payments until they can sell it (St Germain)
From: H Henson
Sent: Saturday, August 19, 2017 11:41 AM
To: WSBA Probate & Trust Listserv
Subject: Re: [WSBAPT] Tenants in common
Similar question, can a PR encumber property (in the course of saving it from a (wrongful) foreclosure) ?
(new encumbrance to replace existing encumbrance).
Any Title attorneys have thoughts on this set of facts? existing encumbrance is approx 30% LTV - bank is being arbitrary. PR looking to "refi" existing encumbrance to a new encumbrance (short term) until property is ready for listing.
thanks for direction to any resources that may help support alternatives for PR.
Holly Henson, CPA
Attorney
PO Box 1555
Bellevue, WA 98009
phone (206) 203-3259
On Fri, Aug 18, 2017 at 5:32 PM, Eden Rubenstein Toner <attorneytoner at earthlink.net> wrote:
When real property is distributed to estate beneficiaries as tenants in common, can any tenant sell his/her interest or encumber it? Can anyone recommend good reference material? Many thanks,
Eden
Eden Rubenstein Toner
Attorney at Law
1600-B SW Dash Point Road, #163
Federal Way, WA 98023
phone 206-953-4485
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