Death, Stuck Deal, Need "Subject To" Strategy To Get It Moving

[JayCinta Henry]

I am in the middle of buying a primary SFR to house hack and rent out after one year. Conventional loan 5% down. Since April. It's owned by 3 siblings, free and clear. Nobody lives there and it needs light rehab in the kitchen. Unfortunately someone passed while in the middle of the deal process. The siblings have to file probate and that will take 3 months. I want to get to working on the house. After watching the "subject to" guy I am wondering what type of deal can you present them with, so that they hand over possession, while awaiting court process to complete? We have become good friends, I bought a previous house from them but they want their 167K and I am ok with that.

House is 167k, appraised at 190k and ARV $210k, in Texas

Conventional 5% down

Rate's about 3.85% with 1 point

[Account Closed]

Quote from @JayCinta Henry:

I am in the middle of buying a primary SFR to house hack and rent out after one year. Conventional loan 5% down. Since April. It's owned by 3 siblings, free and clear. Nobody lives there and it needs light rehab in the kitchen. Unfortunately someone passed while in the middle of the deal process. The siblings have to file probate and that will take 3 months. I want to get to working on the house. After watching the "subject to" guy I am wondering what type of deal can you present them with, so that they hand over possession, while awaiting court process to complete? We have become good friends, I bought a previous house from them but they want their 167K and I am ok with that.

House is 167k, appraised at 190k and ARV $210k, in Texas

Conventional 5% down

Rate's about 3.85% with 1 point

 Trouble is, no one has the authority to sell the house until an executor is appointed by the court. Unless the property is in a Living Trust and it doesn't sound like there is a Living Trust involved. You will just have to wait this one out.