Legal Question in Real Estate Law in Pennsylvania
in December of 2013, I went into a right to survivorship deal on a condo with my son a realtor, I Didn't not know that if I get sick and needed money or financial hardship I could not sell and get my equity out of the property with out his consent, my wife is furious she is not on the deed.
My question is how can you terminate a right to survivorship with only 1 wanting the sale of the property
Thanks
1 Answer from Attorneys
You needed to ask this question when you went into the deal. Unless you argue that you lacked mental capacity or that your realtor son used undue influence or some other reason that he over-reached and had a fiduciary duty to you that he breached, and that for that reason the deed should be set aside or changed, you are stuck with the deal you made. Did you contribute money to the purchase? If yes, you may want to consult with a local lawyer to look into the options available to you. If no, what is your and your wife's complaint?
THIS RESPONSE IS NOT LEGAL ADVICE, SINCE I DO NOT HAVE ALL OF THE INFORMATION THAT WOULD BE REQUIRED, AND I DO NOT HAVE A REPRESENTATION AGREEMENT WITH YOU.
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