![]() |
|
|||||||
| Buying & Selling Property Buying and selling real estate property. |
![]() |
|
|
|
|
Thread Tools | Search this Thread | Rate Thread | Display Modes |
|
|
#1 |
|
Posts: n/a
|
Verbal agreement on sale of real estate
The home we live in used to belong to my Grandfather. A couple years ago, he offered to sale it to my husband and I. We attempted to get a loan but weren't able to. So the three of us (husband, grandfather and myself) sat down and made a verbal agreement that we would put money in an account as we were able to. No set amount per month to save was said, nor was a timeframe put on it. If he were to be living when the full amount was there, we would give it to him. If he were deceased, when the full amount was there, it would be divided between his four daughters. None of the daughters were there during the agreement. He then legally signed the house over to us and it is in our name. We have very gradually been putting money aside as we have had some financial difficulties. Well sadly, my Grandfather passed away early December 2007. I have recently been getting emails from 3 of his daughters stating that they want their part of the money now. And one of them has threatened to sue us for her part. Would she have a case in court?
|
|
|
|
#2 |
|
Top Level Member
Last Online:
Sep 25th, 2008 02:24 PM Join Date: Mar 2007
Posts: 450
|
How did the daughters know of the agreement?
|
|
|
|
|
|
#3 |
|
Posts: n/a
|
They knew that he was wanting to sell it. After we had the conversation, he told them what he had done.
|
|
|
|
#4 |
|
Posts: n/a
|
The house is in your name so they have to prove now that they have some right to the funds.
It would seem they don't have much solid proof... |
|
![]() |
| Thread Tools | Search this Thread |
| Display Modes | Rate This Thread |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Claims we had verbal agreement | Unregistered | Small Claims Courts | 0 | Sep 11th, 2008 09:18 AM |
| Verbal contract / agreement | Unregistered | Miscellaneous Topics | 1 | Apr 29th, 2008 12:13 PM |
| Verbal Agreement | Unregistered | Small Claims Courts | 2 | Mar 31st, 2008 07:09 PM |
| Verbal agreement gone bad | pearllee | Small Claims Courts | 0 | Feb 8th, 2008 06:56 PM |
| real estate foreclosure sale | Unregistered | Other Real Estate Law Matters | 4 | Jan 12th, 2007 09:30 AM |