Legal Question in Business Law in Ohio
My soon to be mother-inlaw put her mother's house in my soon to be fiance's name which is her son. Her mother is dying and will be tooken off the vent today or tomorrow 03/29/11 or 30/30/2011 the house was out into his name on 03/25/2011. The daughter "my soon to be mother inlaw" has POA. She put her mother's house in her son's ( my fiance)s name even know it has liens against it. What happen's to those liens when she dies and now that the house is in my fiance's name?
2 Answers from Attorneys
Liens transfer with the land so your fiance will either have to pay off the loans if he wants to keep the property or sell the property to satisfy the liens.
As a Franchise Attorney I agree with the other attorney answer. Lies don't disappear when someone dies. Whoever gets the house takes it along with any liens against it. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
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