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Updated over 8 years ago,

User Stats

19
Posts
3
Votes
Toure Lee
  • Investor
  • Pontiac, MI
3
Votes |
19
Posts

Buying Property in Probate

Toure Lee
  • Investor
  • Pontiac, MI
Posted

Originally posted by @Toure Lee:

There's a seller whose properties never went through probate. Mom and dad passed away without a clear will and there are several siblings. The seller wants to dispose of the properties--a headache--and the siblings want to sell as well. What are the steps required for the seller I'm working with to get a clear title? About how much should this cost in attorney fees? Are federal/state taxes due as a result of the title transfer? Just trying to understand if I should even get involved in this. I was thinking to to work with the seller and get the properties under contract and then wholesale them. They're both rented and in good shape with some recent improvements.

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