Just a caution that even if the one you're dealing  with is the administrator and allowed to make the decisions, I have seen another family member get her own lawyer and demand more money or threaten to tie up the sale.    

They are asking me to hire a NY attorney to have me named executor/administrator in the state of NY as well as NJ. 

I am currently working full-time and pursuing a Bachelor of Science in Business Administration degree online.  

You can end up dealing with an Executor or Administrator as well as heirs and without proper servicing of the debt, questions and claims arise.

It's really a matter of administrative work that must be done by my lender and doesn't have any bearing on my qualification for a loan.Given the above scenario, is what the seller asking for practical?

Quit claim deeds operate, in effect, as a release of whatever interest the grantor has or may have in the property.Regarding city fines, I used to work for the City in the Department of Administrative Hearings, and, typically, if you no longer own the property, the City can’t collect against you.

From an administrative and tax perspective a self-directed IRA is exactly like any other IRA. 

im wondering if my assignment clause is solid enough i was thinking about rewording it or maybe keeping it the same.it words like this. successors and assignees:The terms and conditions of this contract shall bind all successors, heirs, administrators, trustees, executors and assignees of the respective parties.should it be worded diffrent or is it fine the way it is?

This MAY be an isolated move by the Federal Housing Administration, but if it is not (as I suspect), might the profit paradigms which rely on mortgage buyers be in jeopardy?

I could only perform administrative tasks such as hiring a realtor.