Legal Question in Real Estate Law in California
11 years ago, I put a triple wide manufactured home on a piece of property my Dad owned. He told me before he died that I didn't own anything, I paid cash for my house, $25,000.00 for a septic system etc.
Now my Mom is broke and has to sell my house due to there is a reverse mortgage on her home. My questions is. DO I have any rights to this sale, and how much money do I get out of the deal. MY house was $255.000.00 and 15 years ago my Dad paid $172.000.00 for the property. My putting the house on said property has increase the property value, so how is it determined what my share will be.
I also understand too not knowing the sale price, yet that would be hard to be determined, my question is do I have any rights??
1 Answer from Attorneys
Your post is confusing, because you use the terms "my house" "property my Dad owned" and mention your mother having a reverse mortgage. Your mother can only get a reverse mortgage on property she owns or has an ownership interest in, not your property.
You need to clear this up and repost.