Property Ownership After Divorce
Summary
In Oklahoma, signing a mortgage does not automatically add your name to the deed, which determines ownership. If your name wasnt added through a legal process, you may not have ownership rights. The property is distributed according to intestate succession laws if theres no will. Your children, as next of kin, are likely the legal owners. They may need to sign for a loan to rehab the property if the estate lacks funds. Consult a local attorney for personalized advice.Full Conversation
no will. kids are splitting property and proceeds of sale when it occurs. they must rehab first. there is not money in estate now for loan. i think they have have to sign for loan to rehab it.
In Oklahoma, when someone dies without a will, their estate is distributed according to intestate succession laws. Since the property is going to your kids, here's what generally happens in such cases:
- The property is legally your children's, as they are the next of kin.
- They may need to sign for a loan if there are no funds in the estate to rehab the property.
Do you need more detailed information about the loan process or how to proceed with the estate?
i want to know if i jointly signed on a mortgage if my name is supposed to be on deed
In Oklahoma, signing a mortgage does not automatically add your name to the deed. The deed determines ownership, while the mortgage is about the loan obligation. Your name should have been added to the deed through a legal process, such as a quitclaim deed, if you wanted ownership.
Would you like more information on how your children can proceed with the estate or the loan process?