Real Property

My question is regarding a grant deed that needs to be recorded on a property with the original owners (2 couples) but in different percentage, and to avoid a reassessment by the tax assessor's office. How is it accomplished with what forms? Background: I along with my wife own a property jointly with my brother and his wife since 1984. The property was developed with 2 duplexes at that time. When I refinanced the property 4-1/2 years ago my brother and his wife's names were quit claimed for ease of refinancing and have not been put back on since then. The property was originally with our wives as undivided one-half interest. Now that it has been put off for so long I need to put their names back on the grant deed and without a reassessment.In 2010 I personally completed construction of 2 new homes (5065, 5067 addresses) that are exclusively owned by myself and my wife on the same property in question. The original property with 2 duplexes are half owned by me and my wife, and half owned by my brother and his wife as originally stated one-half undivided interest. The new grant deed will now need to show the percentages of ownership instead of undivided one-half interest. Is it feasible to include in a grant deed the actual addresses (5065, 5067) instead of percentage ownership? I need to get a grant deed prepared to accurately reflect the 2 conditions.

I just went to the county recorders office and got copies of my mortgage and warranty deed,because I believe that the chain of origination has been broken. But the clerk there told me if a bank sells your mortgage to another servicer it did not have to be recorded in the county office is this correct? My note says that country wide is the lender and recon trust is the trustee,but my mortgage papers that the county has lists Mers as the sooleey nominated lender. Bank of america is now my servicer and they tell me that Freddie Mac is the investor. I am not sure what to do with this information that I found. We tried to modify our loan last june - December when we told we did not qualify because we were currant. Help

Hi, I have been sent a subpoena from quicken loans for the full amount owed on my second mortgage. My house has been foreclosed on for 2 years now and I am no longer associated with the house. I like many others came under hard time during the recession, including getting a divorce, and could not keep it no matter how hard I tried. I am required to give them a written letter withing 30 days and would like to know what I should do and what forms I need. I have absolutely no idea how to approach this. Thanks, Nick Mckee

My partner's mother loaned us money to refinance our mortgage several years ago. We hold title as joint tenants. She is now dying, and my partner is her sole beneficiary, so she will inherit the note, along with substantial other assets. If she declares the note 'paid in full', will I owe any tax on my share of the outstanding balance, under the debt forgiveness rules? We are not married. If so, and we don't want to pay the taxes, can we leave the note in place as is, or do I have to refinance my share giving my partner a new mortgage note?

In my divorce, I gave up my house to get away from my ex. He made no payments. Since both our names were on the loan, the bank tried to get me to pay even though I was unable to due to limited finances. I was to be held blameless. My ex never paid land taxes for 2010. Now an outsider has paid them and claimed the title to said property. I have the option to pay now. If I pay the taxes, could I reclaim the title and get my home back or will I still owe the bank for the past due amount? I live in Mississippi.