Q: Deceased parents' estate left to me in will. Do i have to take ownership? Estate underwater, now city wants to demolish
My mother passed away in 2012, my father in 2010. They left their real estate property to me, but since it was underwater I didn't accept ownership. Mailed the keys and a letter stating i was not executor to the mortgage company. Now, years later, the city has summoned me to court to state a record on the case due to the property being neglected and scheduled to be demolished. Am i liable to any charges/penalties?
A:
How did the city tie your name to the property.
That will provide the answer.
A: You may be able to get them off of your back if you record a document called a "Disclaimer" and do so right away. Get help from a real estate lawyer if you can. After you record the disclaimer, show it to the City and see if you can negotiate a dismissal.
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