Legal Question in Wills and Trusts in Florida
There are 7 siblings due to inherit proceeds from the sale of deceased mothers home. One sibling has a lien against his property. The title company will not release the money until lien is satisfied. Why can't they hold his portion of thte money and release to 6 other siblings? They say that the 7 siblings are viewed as a cprporation when in fact, they are not incorporated.
2 Answers from Attorneys
Since the title company is insuring the property and is protecting the Buyer, they have the right to put such conditions on the closing.
I am not quite sure how this all is happening, but it shouldn't take that long to resolve an unpaid lien so the title company can release the difference.
I have to question the title insurance company. Why are they not issuing the shares to the other members of the family. The debt is not their debt and whether he has a lien on the property there must be more to it. Did the parent allow him to place a lien on the house to be sold?
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