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All Forum Posts by: Bill Hughes

Bill Hughes has started 4 posts and replied 14 times.

Post: Inheritance Tax leaving a cloud on a title?

Bill HughesPosted
  • Wilkes Barre, PA
  • Posts 15
  • Votes 3

Chris, this is very helpful.  

In the situation of inheritance tax, my lawyer claims that liens aren't generally filed and the overdue inherutance tax can linger until there is some action on the title.  

This seems crazy to me.  I can't believe that tax would be due and no one would be looking for it.  

For this specific property, there is no lien on file.  

So i wonder, is there a first step where you check with the dept of revenue about inheritance tax if no lien exists? Or am i overthinking the whole thing?

Post: New landlord looking for lease ideas

Bill HughesPosted
  • Wilkes Barre, PA
  • Posts 15
  • Votes 3

ive done a little bit of work with Angela Stevens in Kingston but maily just work on an obscure title search.  she seems knowledgable and could probably help youbwith this. Her pricing seemed reasonable to me.   http://www.lawproblemsolved.com

Post: HUD Homes

Bill HughesPosted
  • Wilkes Barre, PA
  • Posts 15
  • Votes 3

Sorry to hijack the thread but since we have some HUD pros here.... I submitted a contract last week on a HUD home, in you're experience, how long does it take to hear back and then to close?

Also, i used a realtor to submit the contract, could i have saved money doing it myself?  is it possible?

Post: Inheritance Tax leaving a cloud on a title?

Bill HughesPosted
  • Wilkes Barre, PA
  • Posts 15
  • Votes 3

Hi, I'm interested in a property available for a private sale in PA, I had a full title search done by my lawyer and basically there are a handful of small municple liens (2 actually) which I would be happy to pay off and old Credit card lien that over 5yrs and has expired.  However, my lawyer says there's a possibility of lingering inheritance tax since the property was transferred to a son in 2014 who then never paid the taxes.  She recommends not to purchase the house because there will be a cloud over the title if I try to sell it.  She claims there is no way to clear the title and settle the (possible) overdue inheritance tax without the assistance of the current owner.   I doubt he'll be willing to help if I've purchased his house from a tax sale.  

It makes no sense at all to me that there is no possible way to clear a title of previous owner's inheritance taxes.  Anyone have experience with this?

(Actually, I'm quite confident that the parents (grantors) are still alive so no inheritane tax should be due per PA law if the Grantor stays alive more than 1 year from the date of transfer.  This question is mainly for future purposes.)