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Non-Cattle Specific Topics
Every Thing Else Board
Could have been an ugly situation
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<blockquote data-quote="TexasBred" data-source="post: 775302" data-attributes="member: 6897"><p>The purchaser apparently bought it at a price he thought was reasonable. Your grandparents retained what is called a "lifetime estate". They had the use of the place as long as they lived even tho title had actually passed to the new owner. Not uncommon especially for older folks to do something like this.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 775302, member: 6897"] The purchaser apparently bought it at a price he thought was reasonable. Your grandparents retained what is called a "lifetime estate". They had the use of the place as long as they lived even tho title had actually passed to the new owner. Not uncommon especially for older folks to do something like this. [/QUOTE]
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Could have been an ugly situation
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