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Updated over 2 years ago,

User Stats

25
Posts
5
Votes
Madeline Marquardt
  • Investor
  • Vermont
5
Votes |
25
Posts

Seller Question Regarding Probate

Madeline Marquardt
  • Investor
  • Vermont
Posted

Hello all!

I just met with a potential seller who is looking to offload a property within a month, and I had a question before moving forward.

Here’s the situation:

His sister just passed a couple months back, and he's lived with her in this house for the past 20 years. She built the house in 1949 with her husband, and it practically hasn’t been updated since.

The thing is, the property is under her name, and she’s never had a will or trust.

The property has no liens on it. There are no surviving spouses, children, parents, or other siblings to inherit the property--the only one left is this brother who I've been talking with. I have done a little research on probate, and will continue to do more, but I have next to no knowledge regarding the probate process.

Do you have experience with probate properties in this stage? 

I’m assuming this whole process would be lengthy and taxing, especially without a will, but is there any way at all to create a win-win scenario with this?

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