Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

7
Posts
1
Votes
John Clare
  • Rental Property Investor
  • Stone Mountain, GA
1
Votes |
7
Posts

Probate Experts Help!

John Clare
  • Rental Property Investor
  • Stone Mountain, GA
Posted

Let me start off by saying I am new to Probate investing, but not new to Real Estate investing. 

Here's the situation

I found a woman through a friend who's husband past away 3 years ago without a will and he has 2 properties that he left is his name only. 1 was his primary residence where he and his wife lived and the other is a 3 story 8 unit building (Currently 50% occupied).  This is in the state of New Jersey btw.

She was living in the primary residence until about a year ago then she decided to buy another property in her own name with the proceeds from her husbands life insurance policy. At that point she stopped paying the taxes and the mortgage. The house is currently in the pre forclosure stage for the mortgage. She in her own words wants to "untangle" herself from any properties that the husband has and start over from scratch. I told her that the I was interested in both of the properties and she wants me to take them, but I'm not sure what steps I should take next. Both properties have a great amount of equity in them. She would sign them over to me now, but I told her that there's a few things that need to be done first. 

By the way, I should mention that the husband did not have a will, and she is the executor for the properties. 

My question is how can I take ownership of the properties? Any advice will be greatly appreciated. 

Loading replies...