General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
Help with a probate process question? Deceased owner, no heirs
Short question: Are properties where the owner is deceased with no heirs required to be listed on the mls? Is this state/situation dependent?
Longer explanation: I've been in contact with someone at an attorneys office who is appointed by the courts to look after peoples estates that are no longer able to themselves and have no heirs (mentally ill, elderly, etc) We take a look at this property that has literal holes in the roof. Like you can see daylight, trees, the sky etc. Needless to say it's been like this for years, full of mold, just nasty nasty and i can get it for a steal and it's in a good area. My kind of place. We start talking and it's a property they've had on the books for a while and want to move it. We agree on a price but his company has a real estate broker they use. No prob. I'm an agent as well but new to probates. The broker is telling me he needs to list it on the MLS and is dragging his feet doing so. He also asked if I had any relation to Homevestors. I just did a deal similar to this and they didn't list it on the MLS. To me it sounds like the broker is trying to stone wall me to give it to someone they have a relationship with. So my question is, is listing it on the MLS a requirement of the probate process? Are the law firms compensated by the sale of the property or some other way? Any insight would be most appreciated.