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#2167863 - 03/13/18 01:43 PM Becoming successor in interest through divorce
Beth175 Offline
100 Club

Registered: 02/23/09
Posts: 129
Loc: Wisconsin
Can anyone help me understand how a person may become a successor in interest through a divorce? The only thing I can think of would be an unusual situation where the spouse getting the house was not on title to the property previously.

Thanks in advance!

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#2167868 - 03/13/18 01:50 PM Re: Becoming successor in interest through divorce [Re: Beth175]
rlcarey Offline
10K Club

Registered: 07/16/01
Posts: 66625
Loc: Galveston, TX
You got it
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#2168109 - 03/14/18 12:21 PM Re: Becoming successor in interest through divorce [Re: Beth175]
Inherent_Risk Offline
Member

Registered: 01/17/17
Posts: 66
Hypothetical:

If Bob and Sue are married and both own the property, but only Sue is a borrower. Bob gets the property in the divorce.Would Bob be a successor in interest in this situation?

I was thinking this would make Bob a successor in interest, but now I'm not so sure.

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#2168123 - 03/14/18 12:59 PM Re: Becoming successor in interest through divorce [Re: Beth175]
rlcarey Offline
10K Club

Registered: 07/16/01
Posts: 66625
Loc: Galveston, TX
I don't think so. If you are already a property owner you are not a SII. In this scenario, it would be if Bob owned the property and Sue got it in the divorce.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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