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Updated over 8 years ago on . Most recent reply

User Stats

28
Posts
8
Votes
Paul Kuegle
  • Winnipeg, MB
8
Votes |
28
Posts

Getting a house under contract that is currently in probate.

Paul Kuegle
  • Winnipeg, MB
Posted

Back Story:

I had a seller call me from one of my marketing campaigns, I checked out the property & long story short I was able to get it for the price I wanted.  I wrote up the offer to the seller & she signed/accepted.  The story with the house is the sellers parents both passed away and had assigned her to be the executor of their estate.  A few days after getting the offer signed the seller contacted me & informed me that she just found out the courts don't recognize her as the executor because there wasn't anything in writing from her parents like a will stating her as the executor.  The house is now going through the probate process which can take months for her to get the rights to the house again.  

My question:  Is there any way to ensure I still get this deal once the "seller" gets full rights to the house again?  Like promissory note or something?  Or do I just have to trust I built enough report with the seller & keep following up with her?  Any suggestions would be appreciated. Thanks. 

Most Popular Reply

User Stats

74
Posts
43
Votes
Anthony Johnson
  • Real Estate Broker
  • Dunedin, FL
43
Votes |
74
Posts
Anthony Johnson
  • Real Estate Broker
  • Dunedin, FL
Replied

I am waiting on one right now,  nothing to do but wait, have the sellers sign  45 day extensions every 45.  I am doing the same right now, nothing you can do.  Do not pass on other opportunities, consider this lost until they call you with clear title.

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