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Updated almost 11 years ago, 01/05/2014
Title Problem Involving Probate
Went under contract to sell a house where, when I bought it, the title company did not raise any issues, and I have title insurance. My buyer’s title company sees things differently. Here’s a brief run down for you title/probate lovers:
Originally, Ma and Pa were in title as h/w. The next deed is from the both of them to Ma alone. Ma died several years ago leaving a LW&T appointing, her daughter, my seller as the Executrix with powers to sell, and Letters Testamentary were issued to her.
Pa died, seven days later, leaving a LW&T appointing, his daughter, my seller as the Executrix with powers to sell, and Letters Testamentary were issued to her.
The next deed is from my seller as the Executrix of the LW&T of Pa to herself individually, for no consideration. The next deed is from my seller to me.
My buyer’s title company wants a new deed from the Executrix coming out of Ma’s estate AND they want a deed from all of the other five siblings as they consider the previous deed to herself to be “self-serving” as it was for no consideration.
I agree that title came out of the wrong estate and my seller will execute a new deed as the Executrix of Ma and she has provided proof that she shared the proceeds, from the sale to me, with all of her siblings.
The buyer’s title company still insists on a deed from all of the siblings. Two of the five siblings are willing to cooperate, one refuses to sign anything “to protect herself”, the other two will not respond to me or to my seller, their sister.
My title co is trying to convince the buyer’s title company’s underwriter to insure with a new deed and proof of payment to the siblings. I don’t see that happening.
Am I missing anything other doing a quiet title action? Anybody see any new arguments for my case or a way I can deal with this in a timely manner and not lose my buyer?
Gursel