Heirs’ property occurs when landowners listed on the recorded deed are deceased and no action has transferred title to living heirs. As a result, occupants may be unable to qualify for lines of credit, mortgages, and government-funded repair and housing assistance programs, or to sell the property. In worst-case scenarios, a speculator may purchase the interest of a single fractional heir and force a sale, stripping families of long-standing generational wealth. Research shows that heirs’ property represents a $234 billion threat to households and communities.
LISC has developed a scalable model to help families resolve heirs’ property issues, preserve their homes, and unlock generational wealth. Our multi-pronged, research-based framework centers on collaboration and community trust. Please join LISC’s Community Research and Impact, Housing, Jacksonville and other local office teams, and the National Consumer Law Project to highlight new tools to help local quarterbacks find, engage, and support families with heirs’ property.