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When property specified in a will has been sold before the testator's death, the will typically becomes ineffective regarding that property. The proceeds from the sale may still be part of the estate and could be distributed according to the terms of the will, depending on the testator's intentions. If the will explicitly states the property should go to a particular beneficiary, that beneficiary may not receive anything if the property is no longer part of the estate. It’s important to consult with a legal expert for specific guidance based on the situation.
What else can I help you with?
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.
What happens if you are left a property in a will but it was sold prior to death to pay for residential care?
You cannot inherit property from an estate which no longer owns that property.
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 does a lien on real property accomplish?
The property cannot be sold or mortgaged until the lien has been paid.
What happens to back taxes if the estate has no money?
If they are property taxes, there is a lien on the property. In those cases the property has to be sold to settle the debts. If there are no assets in the estate, the taxes won't get paid.
Can a property that was sold for taxes be included in an estate?
No. That property was no longer owned by the decedent if it was sold for unpaid property taxes.No. That property was no longer owned by the decedent if it was sold for unpaid property taxes.No. That property was no longer owned by the decedent if it was sold for unpaid property taxes.No. That property was no longer owned by the decedent if it was sold for unpaid property taxes.
When can a sold sign be placed on a property?
when the property is sold of course.
What is sold prior mean?
"Sold prior" refers to a property that has been sold before an open house or listing event, typically before it is officially advertised for sale. This term indicates that the property is no longer available to potential buyers, as it has already been purchased by someone else. It is commonly used in real estate to inform interested parties that the property is off the market.
Can an inherited property be sold without changing name?
While the property is in probate, there should be no problem. It happens all the time. All I needed was the death certificate and articles of administration.
Spouse has been dead less than a year. Can property owned tenants by the enterities with right of survivorship be sold?
Yes. Property held as tenants by the entirety becomes the sole property of the surviving spouse bypassing probate. It can be sold by the surviving spouse.
What happens to equity in a foreclosure process?
In a foreclosure process, equity refers to the difference between the value of the property and the amount owed on the mortgage. If the property is sold in foreclosure for more than the amount owed, the remaining equity goes to the homeowner. If the property is sold for less than the amount owed, the equity is lost.
Have you ever unknowingly sold stolen property?
No, I have never unknowingly sold stolen property.
