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Medeiros / with out permision

1 141 Spruce streetLawrence, MA, United States Review updated:

Paul and Lina Medeiros applied for a equity loan, however Paul's mom Mariana Medeiros also owns the property at 141 Spruce Street Lawrence Mass 01841, Paul had ask his mother to sign some documents so Paul and Lina Medeiros would get the Loan back in November 2009, Mariana Medeiros stated NO because she did not want any note against the property. Paul and Lina still applied and got the credit line of up to 50, 000 dollars. Mariana Medeiros found this out on December 2009 and became very upset. Mariana Medeiros is very ill and could not sleep over this she is a senior citizen and has many health problems. They applied at the Haverhill street branch in Methuen Mass 01844. When they looked at the deed they were looking at 2003 Paul had givin his wife 25% of his share, but it clearly states in the bottom that Mariana Medeiros also the owner.Mariana does not want any loan against the house period. Its very important that someone sees this and does something about it. Mariana Medeiros had gotten the ok from the attorney that if Paul Medeiros and Lina do not pay the bank than its the BANKS loss they can't go after the house.

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Comments

  • Ma
      24th of Aug, 2013
    0 Votes

    If Paul Medeiros and Lina Medeiros took out this loan, the Bank would be able to give only paul's and Lina's share which 50K seems that the Bank only give them their share of the property. Other words if the house was owned by Mariana Medeiros and Paul Medeiros as "Joint Tenants" now the property has become Tenants in common which now Mariana Medeiros and Paul Medeiros can give their share to anyone. If also Paul Medeiros has given his share to his wife that would also change the deed to tenants in common. This was good on the mothers side because seems that her son "Paul" is really sneaky and tried pulling a fast one on his mother. He personally screwed himself because now he broke the "joint tenacy" and made it tenants in common which the house will not go to him as last surviver it will go to whoever is on the deed or Will and only their share would be devided. Hopefully Mariana made the right chose and did a quick claim deed and added someone to the house so Paul/Lina won't get the whole premises. Sad how even son's and daughter get so greedy over money that they try to burn someone who raised them this happened to my grandmother the best person and kindest and my uncle tried to take all of her estate. I personally had my own property and my niece needed it more then all of us and we proved in probate court and gladly it went to her..

  • Be
      18th of Nov, 2013
    0 Votes

    WHEN YOU OWN PROPERTY AS JOINT TENANTS YES YOU CAN QUICK CLAIM A DEED TO A THIRD PARTY WITHOUT THE CONSCENT OF THE OTHER CO-OWNER. THE ONLY OWNERSHIP THAT DOES NOT LET YOU DO THIS IS "JOINT TENANT BY ENTIRELY" THIS TYPE YOU CAN NOT CHANGE WITHOUT THE OTHER CO-OWNERS CONSCENT. I THINK THE DEED JUST NEEDS TO BE RE-WORDED BUT THE OWNERSHIPS SEEM TO BE FINE GOOD WORK ON THE MOTHER'S SIDE. THE BANK WILL EITHER HAVE THE HOUSE SOLD AND PAUL/LINA WOULD BE OUT OF LUCK BECAUSE IF THIS HAPPENS THE BANK/MOTHER/OTHER TWO WILL HAVE WHATS LEFT ON THE SALE.

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