Join us on November 7 at 2 - 3:30 pm ET for the second installment of the Just Economy Conversations, a series of online discussions addressing America’s racial and socio-economic divides.
This webinar, Preserving Homeownership and Wealth Creation by Addressing Heirs’ Property and Tangled Titles, will provide an overview of residential heirs’ property, which is created when a property owner dies without a will or another form of estate planning and the property is transferred to their descendants as undivided interest.
A property title can also become tangled when a property owner completed an estate plan before passing, but their descendants did not complete the formal transfer of title. Without a clear title, heirs’ property owners are vulnerable to land loss, unable to acquire housing finance products and face challenges when accessing federal housing rehabilitation and disaster monies.
Presenters will discuss residential heirs’ property in urban and rural areas, describing the risks they pose for long-term homeownership and the limits they place on family wealth building. They will also consider proposed housing finance solutions needed to support heirs’ property owners and successful efforts in New York City, with a focus on lending programs that include eligibility for heirs’ property owners.
Panelists:
Dr. Keith Wiley, Senior Researcher, Housing Assistance Council
Natasha Moodie, Senior Research Associate, Housing Assistance Council
Scott Kohanowski, Esq., General Counsel, Center for NYC Neighborhoods
Moderator:
Jacelyn Matthews, Director of the National Training Academy, NCRC
.png?width=400&upscale=true&name=NCRC%20color%20FINAL%20(1).png)