All Forum Posts by: Chris Hames

Hi, Joel and Will thank you for the response. My mom will try to get some legal advice and try to contact her sister again. I wonder if the papers could be signed by her sister even though she is out of state through a notary or something like that.

Hi everyone, we are in California. My grandparents passed away three years ago my mom decided to buy out her sister's half of their home. She transferred the money into her sister's account. However, when they went to record the new title they made the mistake on the form of writing that my grandparents were trustees when they should have wrote that they were joint tenants on the form. My mom wanted to use a lawyer and they even went to a law office together but it was really busy and my mom's sister said, " I don't really want to spend money for a lawyer and said lets just go." Now my mom is being told that the home was recorded wrong and they might need her sister to sign again. She is waiting to hear back from the bank. My mom and her sister kind of had a falling out so I don't know if her sister will co operate. Is there a way to get the home recorded correctly without her sister? Since my mom wired all the money into her sisters account and she has a receipt of payment for the house will that be sufficient to prove that the house is my mom's if necessary? Or is the home legally still half her sisters? Will my mom have to take her sister to court if she won't sign the papers? (Her sister lives out of state and don't even know where she is now. So she probably won't be willing to sign)

Thank you for any advice.

It seems like the hedge funds are focusing on sfrs in the hopes they can get good rental income and wait for the homes to appreciate. Is focusing on sfrs the best strategy under current market conditions? What would be the pros and cons of buying sfrs vs multi family? SFRS seem appealing for the rent and chance for appreciation but wouldn't it be easier to leverage your money in a multi family deal? For example, if you had 70k cash you might be able to buy 1 sfr all cash but if you use leverage that same 70k could buy you a 350k multi family property (20% down). I heard someone say that banks don't like to lend on any multi family property bigger than a triplex. Is that true?