Scenario:
I shared our primary residence in Florida with my S.O. We split everything 50/50. He unexpectedly passed in Dec 2020 and the only names on the mortgage and deed are his. By Florida law everything passes to his children. They are young 22 and 24, no desire to take interest in the home. We purchased FHA in 2019. Current value approximately $345K, Currently owed $302K. I would like to be able to get back at least part of what I have invested.
Do I need to actually assume the loan or if the family signs to allow for a court order showing ownership interest, can I do a quit claim deed to my name and then sell the property? I have a prospective buyer with mortgage preapproval in hand.
To further muddy the waters, I have a current RE license, but am inactive. I am leaving Florida so I do not want to pay REALTOR fees to activate my license with my broker since I am leaving the state in 2 months.
Any thoughts, ideas, prayers or advice is helpful.
