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How do you force the sale of property that has been inheritated by 3 siblings?
Wiki User
∙ 12y ago
It is possible to force the sale. The estate has to settle all debts before transfer of any property. One sibling may buy out the other two if they wish, at fair market value.
Wiki User
∙ 8y ago
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Is property in foreclosure still considered property of estate?
Yes, until the foreclosure has been completed and the lender has taken possession of the property.Yes, until the foreclosure has been completed and the lender has taken possession of the property.Yes, until the foreclosure has been completed and the lender has taken possession of the property.Yes, until the foreclosure has been completed and the lender has taken possession of the property.
What happens to the estate after the estate is closed?
There should be no remaining assets in the estate once it has been closed. All the property should have been distributed according to the Will or according to law.
What does life estate mean?
Life estate is an interest in real property. It is measured by the life of the person that it has been granted to. As long as they are alive, they have that right in the property. Once they die, it ceases to exist and goes to the remainderman, the person listed to get it after their death.
Economic system based on free markets and private property?
No system has ever been based on truly free markets.
In England what does the real estate term sold stc mean?
STC is the Acronym for "subject to contract", it is basically an indicator to state that the property sale has been agreed and is awaiting surveyor/mortgage confirmation. The estate agent will not accept additional offers once a property has been STC'd. Hope this helps Regards Otto C/o Whitehaven Cumbria
One of three siblings has been left a property by the mum but the executor wants the keys can he insist?
Yes, he has the right to protect the property. He has to make sure it is kept safe as well as have it appraised.
When pertaining to estate property in the state of TX does one sibling have the right to repair remodel property without permission from other siblings?
You haven't provided enough detail. If the estate has been probated and all the siblings are now equal owners then the answer is no. He needs permission from the other owners. If he is the court appointed executor, the property is still in probate and the property is in need of immediate repairs to prevent damage then the answer is yes.
If one sibling filed chapter 7 and there is property that is left by your deceased parents but no succession has been filed by your siblings can a trustee sell the property to pay creditors?
Only that property that is determined to be owned by the sibling. If property is owned jointly between the sibling and the remaining family, the remaining family may be forced to get a loan to pay the appraised value of the siblings share. As this Q is frequently referred to by those asking about a trustee that is a sibling.....a trustee is NOT the owner of any of the proerty he is trustee for...in fact, IT CANNOT be used for his personal needs.
Can the executrix live indefinitely in the house pay the mortgage without selling or assuming the mortgage even if the 3 other siblings may get money until the house does get sold for enough profit?
No. First, the executor has absolutely no authority until the will has been submitted to the probate court and she has been appointed the executor by the court.Once the executor has been appointed they have the obligation to settle the estate as expeditiously as possible. She cannot take over the property and live there indefinitely. The other siblings should consult with an attorney who specializes in probate law and hire them to probate the estate. If that sister is named the executor in the will, they can object to her appointment due to her behavior and they can choose one of the remaining siblings to petition for appointment.No. First, the executor has absolutely no authority until the will has been submitted to the probate court and she has been appointed the executor by the court.Once the executor has been appointed they have the obligation to settle the estate as expeditiously as possible. She cannot take over the property and live there indefinitely. The other siblings should consult with an attorney who specializes in probate law and hire them to probate the estate. If that sister is named the executor in the will, they can object to her appointment due to her behavior and they can choose one of the remaining siblings to petition for appointment.No. First, the executor has absolutely no authority until the will has been submitted to the probate court and she has been appointed the executor by the court.Once the executor has been appointed they have the obligation to settle the estate as expeditiously as possible. She cannot take over the property and live there indefinitely. The other siblings should consult with an attorney who specializes in probate law and hire them to probate the estate. If that sister is named the executor in the will, they can object to her appointment due to her behavior and they can choose one of the remaining siblings to petition for appointment.No. First, the executor has absolutely no authority until the will has been submitted to the probate court and she has been appointed the executor by the court.Once the executor has been appointed they have the obligation to settle the estate as expeditiously as possible. She cannot take over the property and live there indefinitely. The other siblings should consult with an attorney who specializes in probate law and hire them to probate the estate. If that sister is named the executor in the will, they can object to her appointment due to her behavior and they can choose one of the remaining siblings to petition for appointment.
Where do Whitney Houstons siblings live?
No information has been released indicating where Whitney Houston's siblings are currently living.
How long do you have to remove your belongings from the property after it has been sold?
Your property needs to be removed prior to the sale. Once the property has been sold you have no right to enter.
Who are the siblings of St. Joseph Marello?
I can find no siblings of Joseph in any biographies so he must have been an only child.
Did Alan Ball Jr have any siblings?
It has never been revealed if Alan Ball Jr had any siblings. Researching online it hasn't been confirmed either which way.
What can I do when a property has been left to me in a will after a foreclosure of that same property has been adjudicated?
As I understand your question, you 'inherited' a property that was the subject of a foreclosure. The bank has a superior title and you cannot inherit the property. The bank owns it.
Who qualifies as next of kin if all siblings have been disowned?
The laws of intestacy determine who qualifies as next-of-kin in the case of intestate property. If a person wants to "disown" a child or "disinherit" them, he must do so by will and in the manner provided in the state laws.
What is an unreleased mortgage?
An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.
What happens with the mortgage insurance when a person dies?
Assuming that the mortgage insurance policy was in force at the time of death, and all other conditions of coverage have been met, the insurer should pay off the balance of the mortgage; that is the purpose of insurance of that type. Thereafter, the property will pass, free of the encumbrance, to that person who may have been named as a co-owner of the property. If the decedent is shown to have been the sole owner of the property as of the time of death, it will pass according to terms of his/her Will; if there was no Will, it will normally pass according to the laws of descent and distribution of the locality in which the decedent lived at the time of his/her death, or where the property is located.
