Legal Question in Real Estate Law in Ohio
real estate
I jointly own properties with my mother and she is retired and is having debt issues. her lawyer has her on a senior debt relief program which entails selling me her half of the properties but putting a lien on them so she isn't really losing her rights to the property and I'm making payments. How is this going to affect me, my rights to the property, my credit? Is the lien for only half the property;can it be done like that? How long do liens last? Thanks.
Asked on 5/27/09, 7:58 pm
1 Answer from Attorneys
Elizabeth Schmitz
Elizabeth S. Schmitz Attorney at Law
Re: real estate
Your questions raises a lot of issues and I would suggest that you contact an attorney to review the document and all the facts to make sure you are protected.
You cannot have a lien that only applies to half of the property.
Answered on 5/27/09, 8:50 pm