My question involves real estate located in the State of: Florida
Party B was owner of a house and was on the deed by himself.
Party A and party B signed a construction contract to have the house remodeled. After the remodeling contract was signed the owner party B transfered the house to party A by a quit claim deed and retained a life estate which was written on the quit claim deed.
A dispute arose with the contractor and a very involved ordeal took place and a mediation agreement was signed with all parties. ( party A party B and the contractor)
Under certain circumstances the mediation agreement would transfer the house to the contractor. The contractor moved to enforce the agreement and was successful and the court made an order to transfer the house to the contractor. The magistrate prepared a warranty deed as the order said in the favor of the contractor and the magistrate signed for party A and Party B as grantors on the deed.
(1) Why would party B loose his life estate.
(2) It was not part of the mediation agreement or even mentioned.
(3) Party B was not on the deed that the court used to transfer by way of new warranty to the contractor.
(4) I believe the life esate should have carried through on the new deed,
because nothing in writing or orally relinquished the life estate.
Please repy back