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Updated about 2 years ago on . Most recent reply

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23
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Jared Hennings
  • Investor
  • Alexandria, VA
7
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23
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Stopping Foreclosure on a Decedent's Property

Jared Hennings
  • Investor
  • Alexandria, VA
Posted

I'm working a deal where the property owner passed away in March. The property is in pre-foreclosure with a scheduled Jan 3rd auction date. I've contacted her sister--who says she is the sole heir. my plan is to help the sister get appointed as executor, halt the auction, and get added to the deed. 

Does anyone recommend a type of agreement I can sign with the sister so that she is required to sell my company the home?

Most Popular Reply

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488
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186
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Bob Reinhard
  • Lender
  • Patterson, NY
186
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488
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Bob Reinhard
  • Lender
  • Patterson, NY
Replied
Greetings . 
Without being an attorney, I would argue that any current agreement is meaningless.  Only the executor has power to sell, and she cannot bind the sale of the property to you because she is not now the executor.
Much success.

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