Legal Question in Real Estate Law in Virginia

I deeded property to daughter and son in law and retained life estate (2004). Without my knowledge or consent, they borrowed $100,000 against this property. What legal recourse do I have?


Asked on 7/29/11, 12:41 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Assuming that there were no conditions imposed on daughter and son in law

with respect to mortgaging this property in which you retained a life estate,

you are likely without remedy for the situation described (in my opinion).

You may, however, want to consult with a local attorney who handles

real property law matters in the area for further advice on the matter.

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Answered on 7/31/11, 7:56 am


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