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Has The Old Deed |
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Dear Edith, Some years ago I purchased a lot from my grandmother, that she owned in a town near her farm. It was a cash deal, I gave her $12,000 and she gave me the original deed.
However we never got around to changing the names on the deed and now my grandmother recently died. I have no expectations of selling this lot but if I did, what would I need to do to have the name changed? |
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Deeds don't work in real life the way they do in the game of Monopoly, and having the original deed in your possession isn't much use. Think of a deed as something like a bill of sale. All you have is proof that someone once sold or gave that lot to your grandmother--or perhaps even to your grandfather. The public records may show that your grandmother still owned the land at her death, unless she had sold it to someone else who received and recorded a new deed. Her estate tax return may be involved, and her executor could be selling the land. Of course you should have had a lawyer's guidance before paying for that lot in the first place. And now it's time to get to an attorney, as quickly as possible, to find out if there is anything you can do to claim the property. |
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Edith
Originally published on July 6, 2006 |
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