(Statute of limitations are your friend)If this property was the decedents homestead, then even if the other assets require a PR, the home does not.A simple, order from the judge on a determination of homestead will transfer the property to him.Further, Florida statute 732.101 states The decedent’s death is the event that vests the heirs’ right to the decedent’s intestate property.Which means that he can enter into a contract on the property, and crisply can even sign a deed as I have had them do when I buy and pay upfront for the probate, expenses, even paying them their equity upfront and recording the deed while continuing to finish the probate.All this done with full approval of both the attorney and the title underwriter.

From building code violations leading to extreme damages, or injury, or death, and mold, asbestos, hazardous chemicals/substances found on site, etc.   

If you complete the Lease Option upon the death of the present owner and inherit the property, neither one of you pay tax and your tax basis includes any future appreciation to that transfer date.

Problems with your post….   . 1) You OBVIOUSLY know you did get a stepped up basis to the point of your first parent’s death, so you owe barely any taxes.

A dude got shot to death in the alley behind the house a year after we bought it.

While the author mentioned the reason being for market interest rates, that's only part of the story, it's an interest rate risk issue in lending funds long term, over a year.As Jon provided the Code, it's not a requirement for any lender to accelerate any loan unless it is made by the institution in their written loan policy which is approved by regulators.There are other issues at play as well, owner occupied vs non-owner occupied, death of the owner/borrower, or is the owner still in mostly the same position as when the risks were initially assessed?

This house will go $900 right now and $ 1400 month remodeled .i have time for the development side , and already have a great relationship with a civil engineer who did the 6 acres on the other side of my property 3 years ago , lots sold for $175,000 each , not cleared with only a gravel road .Nothing is guaranteed , except death and taxes , and you can't beat both

Due to death in family had to leave after 5 months.

We know that 50% of the homeowners did not all just purchase their homes during the boom.....how people can just refinance themselves to death like this juts boggles my mind.....

Dead people do vote - in the years prior to their deaths.