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Updated over 15 years ago, 04/16/2009

User Stats

369
Posts
75
Votes
Chris T.
  • Wholesaler
  • Amarillo, TX
75
Votes |
369
Posts

Property Code - Letters of Administration

Chris T.
  • Wholesaler
  • Amarillo, TX
Posted

I was researching the tax info on a property and it has a Property Code of LA - Letters of Administration.

What does that mean and does that indicate how the owner obtained the property?

User Stats

173
Posts
15
Votes
Charles Whitaker
  • Real Estate Investor
  • Amarillo, TX
15
Votes |
173
Posts
Charles Whitaker
  • Real Estate Investor
  • Amarillo, TX
Replied

Chris,

Did you get any info on this topic?

A simple answer is the LA is a document typically issued by a probate court which appoints a manager of the assets/liabilities of a decedents estate. Does the record also show a PB (probate) or AH (affadavit of heirship)?

I would assume that the LA has nothing to do with the aquisistion from the owners perspective. Could be wrong!

User Stats

369
Posts
75
Votes
Chris T.
  • Wholesaler
  • Amarillo, TX
75
Votes |
369
Posts
Chris T.
  • Wholesaler
  • Amarillo, TX
Replied

Thanks Charles!
It does have an AH on record.

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