General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Judgement Lien and Probate
I encountered a seller that inherited a house from his deceased father. He went thru a small estate court in Arkansas, got affidavit and has the right to sell the property but hasn't done so. But recently he discovered the property has about 55K judgement lien on it. But the ARV is around 200K.
So my question is... does he have to go through full probate in order to sell the property? Also does the 55K judgement lien have to be paid off before he sell, or it can be paid simultaneously like a mortgage loan when the buyer wires in money on day of closing?