Thanks to help from you, here on this website and through some success in searching, we three heirs to our mother's estate now are at the point of disposing of a small, low valued ($1,000) lake lot. We have a certified deed in our mother's name, and we have Affidavits of Heirship that show the three of us to be her only heirs. There is almost no market for lake lots such as this one, so we are anticipating offering it as a gift to a neighbor adjacent to the lot. Would it be better for one of us to get the other two heirs to sign a Quit Claim and the remaining heir to dispose of the lot? Or do we handle the disposal with the deed and affidavit that we possess? No matter which route we take in disposing of this lot, are there other steps we should take? One complication is that there are two liens on the lot, by the homeowners' association, for maintenance. These total $260.00. We are thinking that we would ask the person who would be receiving this "gift" to pay those liens. Do we simply sell the lot to him for the $260 to cover our payment of the liens, or what?
Thanks,
jdwalker4
Thanks,
jdwalker4
