What are the qualifications/requirements to becoming a predecessor in interest?
Full Question:
What are the qualifications/requirements to becoming a predecessor in interest? and if you are a predecessor in interest, are you one forever or is there some way to lose that title?
06/06/2007 |
Category: Real Property |
State: New York |
#6210
Answer:
The answer depends on the context. Often, a predecessor is a former owner of property who transfers the property (to a successor in interest). If it can be shown that their interest or ownership was invalid, it is possible the title can be changed.