Legal Question in Real Estate Law in Connecticut
My parents got into financial trouble and their home went into pre-foreclosure. They asked me to help by buying it until they got jobs. After the closing of the house my mother drove me to the bank and told me there was one more thing to sign. It was one sentence that said life use of the land, home and contents. She said this was in case I died then her and my father wouldn't go though probate court. I signed it and it was notarized.
I now have tried to sell the home but now my parents said that I can't because the haven't agreed to it. This was not explained to me when I signed that life use statement at the bank. There is only my signature and the notary one the agreement.
Is there any way I can get out of this agreement? Is it even legally binding?
1 Answer from Attorneys
Was what you signed at the bank witnessed by 2 persons and notarized AND recorded with the town clerk? (I'm assuming the property in in CT). If not, it may not be binding (I'd have to see a copy), and it may well not prevent you from selling the property. You might end up in a lawsuit with your parents, but you might be able to sell the property.