Deeds

I need to know how to transfer a deed from parents to children. My parents owner financed their house which is not paid off yet. They want to transfer the deed to my sister and me. Would my parents be considered the grantor or the person that financed the home?

What are the differences for a home buyer, between a trustee's deed (bankruptcy proceedings) and a warranty deed? Does the buyer have less ownership or fewer rights on the purchase? Are the trustee and the court required to guarantee there are no other liens on the home, or could another of the seller's creditors lay claim at any time after purchase? In other words, what are the disadvantages and pitfalls to be aware of when receiving a trustee's deed instead of a regular warranty deed? I am awaiting lender and court approval on an offer I made on a house in Green Mountain (Yancey County), North Carolina that is in bankruptcy. The offer addendum states that the house will be as-is, no disclosure statement, and I will receive a trustee's deed. The owner went into bankruptcy as part of federal court proceedings against him and others for real estate fraud. I want to be certain that the mortgage lender is the only creditor I will have to contend with and that the many people he defrauded will not try to seek compensation by making claim to the house as an asset after I have paid for it.

We applied for a deed to a property that was delinquent in taxes for 4 years. We now have the deed to the property. What should we do next? We would like to sell the property as soon as possible.

My sister, her husband, and my mother bought land together. It was not stated that they were tenants in common or with rights to survivors. This was a private seller, no bank involved. However, in paragraph 10 of this agreement it states 'this contract shall be binding on the respective heirs, executors, administrators and successors of the parties.' My mother died in 1997 without a will. My mother has 6 others survivors and my sister who is on the original contract along with her husband. We thought they would sell and distribute the funds from the sale equally as my mother had told the rest of us that is what she wanted them to do, but they are contending that they paid it off after my mom passed away so they own it outright and have since used it as collateral to purchase a business and homes. Do we have any recourse?

My Mom is the sole name on her deed for property that is paid in full. She wants to add my name to the deed and also make it a sole survivorship deed. How does she do this and is a lawyer necessary or can this be handled at the court house with or without a notarized statement. I will be moving in to help take care of her. In an addition, I will have to be added to accommodate my family and still provide her some privacy. We will need to place a mortgage on the home to accommodate this. Since I will be paying the mortgage my name must be on deed. My Mom has no problem with this. Please advise step by step instructions if possible.