Protecting Inherited Homes: Financial Aid for Clearing Property Titles.
This law establishes grant programs to help citizens who inherited residential property without a will (known as heirs' property) secure their ownership rights. It provides financial assistance to cover legal fees, notary costs, and title searches, aiming to prevent low- and moderate-income families from losing their homes. It also mandates new housing counseling requirements regarding the risks of this type of inheritance.
Key points
Financial aid available to cover legal expenses (e.g., attorney fees, surveys, title reports) necessary to secure ownership of inherited homes.
Grant programs incentivize states to adopt laws that protect co-owners of heirs' property from forced sales.
New mandatory housing counseling services must educate consumers about the risks of inheriting property without a clear title and available resolution options.
Status:
Expired
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