Legal Question in Real Estate Law in Florida
selling share on joint tenant
My husband and his three sisters are listed as joint tenant w/ rights of survivorship on thier mother's condo. His mother is very ill and there is continually family problems with her. She has refused to pay her share of the bills any longer. If my husband and his sisters do not pay the bills either and a lein is taken on the house, will my husband& his sister's then receive bad credit? Is there anyway he or his sister's can forfeit thier share of the condo so that they are not responsible for it?
1 Answer from Attorneys
Re: selling share on joint tenant
As joint owners they are all responsible for the house bills (repairs, utilities), but not the private expenses of the mother(medical, insurance). They can always deed their share back to the mother. If she loses the house she can move in with them.