Legal Question in Real Estate Law in Connecticut
Lien on Property.
My sibilings and myself are the beneficiaries of a
trust, and my father is the trustee. When I was about
11 years old, before the trust was established it was
owned by my grandfather, and my father owned a loan
shark $10,000. The loan shark put a lien on the house
in which my father legally didn't own, and still
doesn't own now but is the trustee. Would we be able
to take the lien off the house because my father never
had ownership of the property or is a trustee
basically the same as a power of attorney, and we
assume all risks? I still think there is a loop hole,
at the time that the judgement was placed, the
property belonged to my grandfather(he was still alive
at the time), and not my father. I believe the
confusion made by the court is in our first names
which are all the same. Does the trust documents
govern what particular powers the trustee has over
property?Could someone give me some help on this
matter, and clarification on the law?
1 Answer from Attorneys
Re: Lien on Property.
If the property was not in Dad's name at the time of filing, it should be void. But it may cost you some $$ to have the title insurance co cover the lien.