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Updated about 5 years ago,
Purchase Contract after owner passing away?
I have some what of a legal question but want some colleagues advice! I have a property under contract with a 60 day closing. Here is the story, property owners son is a drug addict and has destroyed the property so I told her I could help her out! We agreed on a price and set a closing date 60 days out, 59 days go by and it ends up that she is in the hospital with pneumonia. I signed my closing docs Thursday and instructed the mobile notary to pick up flowers and take them to her hospital room when she is supposed to sign Friday(next day) BAD NEWS! She passes away Saturday without being able to sign her final docs!! I do have my contract recorded but I know it has to go through probate and I’m guessing the heirs won’t want to sell for my purchase price?! Do I have the right to enforce my contract?! I don’t have an issue letting it go but it would have been a $40+ profit deal.