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All Forum Posts by: Ibrahim Hughes

Ibrahim Hughes has started 225 posts and replied 1992 times.

Post: another "poor millennial can't afford a house" article, critiqued

Ibrahim HughesPosted
  • Real Estate Consultant
  • Bloomfield, NJ
  • Posts 2,082
  • Votes 1,044

@Syed H.

Agreed . But I think what everyone is saying is that the article needs to be honest and admit that. Furthermore none of us were raised perfectly or on perfect advice. We have the personal responsibility to acknowledge what our parents did right and what they did wrong and build from there.

Post: Should I follow-up with the owner?

Ibrahim HughesPosted
  • Real Estate Consultant
  • Bloomfield, NJ
  • Posts 2,082
  • Votes 1,044

@Corey Rippeto

Yes sir bro. Thanks for clarifying.

Post: Should I follow-up with the owner?

Ibrahim HughesPosted
  • Real Estate Consultant
  • Bloomfield, NJ
  • Posts 2,082
  • Votes 1,044
Originally posted by @Corey Rippeto:

@Ibrahim Hughes your manner, and the fact that you picked out that single line tells me the sole purpose of your post was to suggest I might try to take advantage of someone who's bad at handling money. Let me assure you, that is NOT the reason for me wanting to make a low offer. It was only a comment to suggest she may be more receptive to one, if that's what it comes down to. From the info i've gathered thus far, it most likely will HAVE to come down to that.

Not sure how you can determine my "manner" (whatever that means) by the one simple question that I asked.

It was the sole focus of my post because everything else was adequately explained. That was the one thing I had a question about. If you say that's not the case then that's not the case.  But I wanted an explanation and so I asked a question. I appreciate your response.

Post: Should I follow-up with the owner?

Ibrahim HughesPosted
  • Real Estate Consultant
  • Bloomfield, NJ
  • Posts 2,082
  • Votes 1,044

@Corey Rippeto

Why would you offer a low price simply because she appears to not be the "thriftiest money handler'?

Post: Any way to avoid probate?

Ibrahim HughesPosted
  • Real Estate Consultant
  • Bloomfield, NJ
  • Posts 2,082
  • Votes 1,044

@Eric Roloson

Where the contract names the seller, I add ",individually & as heirs of the estate of ".

Of course this isn't legal advice .

Post: Any way to avoid probate?

Ibrahim HughesPosted
  • Real Estate Consultant
  • Bloomfield, NJ
  • Posts 2,082
  • Votes 1,044

@Eric Roloson

You received some great information. The only thing I would add is that if you decide not to or can't get quit claim deeds, definitely get the rightful heirs under contract as "individuals and Heirs of the estate". Have some type of legal claim before you do any paperwork or spend any money.

Post: No Probate Case Found

Ibrahim HughesPosted
  • Real Estate Consultant
  • Bloomfield, NJ
  • Posts 2,082
  • Votes 1,044

@Mark Sewell

Try doing some type of Freedom of Information Act ( or whatever they refer to it in your state as - here it's called Opra) to look at the paperwork submitted for revoking the will. Might be some contact information on there or maybe even a copy of the old will.

Post: Decommissioned Oil Tank Jersey City NJ

Ibrahim HughesPosted
  • Real Estate Consultant
  • Bloomfield, NJ
  • Posts 2,082
  • Votes 1,044

@Dror Refaeli

Based on my experience I say get the tank removed. We had a situation in Kenilworth where a tank was decommissioned in the late 90s with the proper paperwork, permit ETC. The seller swore that everything was legit and we did not need to do anything further in regards to the decommissioned tank. However our investors insisted on removing the tank before closing. The seller agreed  that we will pay for the cost of removal. However if there was any contamination, he would be responsible for it. Sure enough when we removed the tank, there was contamination. It was about $9,000 worth of clean up that had to be done before we closed. So I say offer to pay for the tank removal yourself BEFOFE you close. But if there's any contamination, the seller will pay for it.

Post: Homeowner died, no heirs. Is this probate situation? What next?

Ibrahim HughesPosted
  • Real Estate Consultant
  • Bloomfield, NJ
  • Posts 2,082
  • Votes 1,044

I also agree with finding out the tax amount first. That's usually our first step. No use on getting into this when the property is under water.

Post: Homeowner died, no heirs. Is this probate situation? What next?

Ibrahim HughesPosted
  • Real Estate Consultant
  • Bloomfield, NJ
  • Posts 2,082
  • Votes 1,044

@William Anthony McQueen

You've received a lot of good information but I noticed that all of it is from people outside of your state. Real estate laws are state-specific. For instance in New Jersey you can get the probate done in as little as a week. However you cannot pay anyone's taxes unless you have an interest in the property. Particularly if there's a tax lien on the property.

Having said that, it's best to seek out local legal counsel or information from experience and local investors in your state. But I do agree, start with talking to the heirs. Often you'll find that pay will wasn't done yet The Heirs all in agreement on what to do with the property. Sometimes there is a will and they just decided not to probate it yet. You won't know until you have a discussion with them.