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Updated almost 12 years ago on . Most recent reply
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Probate: relatives of deceased want to sell home no will
Finally got the owners of a property to sell. It's 4 brothers who are the heirs. The parent have been deceased for many years, but the brothers kept paying the taxes and insurance. Deed is still in parents name.
However, I don't believe the property went through probate because the home was paid off. On my contract do I put the seller as "the estate of" and then let the title company do the rest?
Most Popular Reply
Originally posted by Kevin Polite:
Kevin: Be careful about transferring that property to the four brothers via a simpler affidavit process. While it may be faster and cheaper, it increases potential title issues. It means when you go to close your purchase and get clear title, you're looking at possible tax liens and credit card judgments and child support judgments and BK filings etc against 4 people. In some cases, it makes more sense to bypass heirs and buy from the estate. You really have to know what you are dealing with when it comes the heirs' issues and debt versus the estate's issues and debt.
I'd be checking public records on all of four of them before I sent them to an attorney. Just saying.