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Updated 12 months ago on . Most recent reply

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7
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Angelica Valde
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7
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Louisiana - Purchased property with half owned by deceased man

Angelica Valde
Posted

Hello, I purchased a property and a title company closed for us. I noticed when looking at the local tax assessor that my name (purchaser) was listed as 50% while someone else was listed as the other 50%. Long story short, the other 50% was the now deceased husband of the wife I bought the property from. 

Wife was 50% owner

Husband was 50% owner. I bought the wife's part I guess. I was a bit frustrated with this after ward. I have contacted the company I used that closed and I wanted to get insight from yall and ask for your expertise. I have paused all renovations until I can get this cleared.

Has anyone else dealt with this or have any suggestions?

Location: Louisiana

Most Popular Reply

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Benjamin Aaker
  • Rental Property Investor
  • Brandon, SD
1,035
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1,548
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Benjamin Aaker
  • Rental Property Investor
  • Brandon, SD
Replied
Start by having a look at your purchase and sale agreement. The title company will have a copy. Assuming you did actually negotiate with the seller to purchase the property outright, the PSA should have your name as the buyer and husband and wife as seller. This may have been a mistake by the title company. They will warrant their work and should fix the problem free of charge. Bottom line is you need to get more information first.
  • Benjamin Aaker
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