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Will a real estate contract be vaild if the owner dies before closing in Georgia?
Wiki User
∙ 12y ago
The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.
The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.
The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.
The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoThe contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.
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Can you break a real estate contract before closing for no reason?
If the contract is well written the answer is NO. That's the purpose of a contract. You would lose your deposit and possibly more.
Who is responsible for credit card debt after death in Georgia?
In Georgia it will be the responsibility of the estate. No will is necessary to open an estate. Before anything in the estate can be distributed, the debts have to be cleared.
Can you charge your father estate for looking after him before he passed?
No, not unless you have a written contract that provides you will get paid from the estate.
Title of the house is not clear before closing?
ATLAS Settlement, LLC located in Pittsburgh PA assists with residential and commercial real estate title insurance and closing services. ATLAS Settlement offers the highest quality professional services with regards to all facets of your Real Estate transaction, from drafting instruments of conveyances and issuing the title insurance policies to full document preparation and representation from contract to closing. ATLAS Settlement LLC's website is www.atlassettlement.com
Can you sue the estate if someone dies before the contract is complete?
If a contract has not been completed, then the estate can be sued. You, along with other creditors will have the opportunity to present your case and a judge can award you a settlement.
Who excutes a Texas real estate contract?
A real estate contract may be executed by the buyer and seller; trustee; attorney; builder/contractor. Any party to a real estate contract may execute a real estate contract.
Can a town sue an executor of an estate for back taxes if the estate already settled if so how long do they have to make a claim?
Yes, they can sue the executor. They breached their duty if they did not resolve the taxes before closing the estate.
At what time in a real estate transaction is it considered a real estate commission is earned?
Simple answer: The commission and when it has been earned will be spelled out in the contract between the agent and the party that is agreeing to pay a commission. Read the contract. The contract takes precedence over market practice. Market Practice: In most US states, commission is PAID at the closing or settlement. It is EARNED from the initial meeting with the buyer &/or seller for the specific transaction through to the day of closing/settlement, although there is no guarantee of payment until closing/settlement. In other words, the real estate professional works in good faith for the client with no payment for their work until the transaction closes/settles. There are circumstances where the parties to a transaction are bound by agreements that stipulate payment, under the terms of the agreement, to the real estate professional regardless and sometimes in spite of settlement/closing taking place (or not taking place).
Does a real estate contract become void if the buyer does not show on closing day?
It doesn't become void unless the other party wants to void the contract. The seller can use that failure to show up at the closing to void the contract but there are further consequences for the buyer. Not showing up for the closing is a breach of the contract and generally the seller can keep any deposit as long as that provision was recited in the sales contract. You should consult with an attorney.It doesn't become void unless the other party wants to void the contract. The seller can use that failure to show up at the closing to void the contract but there are further consequences for the buyer. Not showing up for the closing is a breach of the contract and generally the seller can keep any deposit as long as that provision was recited in the sales contract. You should consult with an attorney.It doesn't become void unless the other party wants to void the contract. The seller can use that failure to show up at the closing to void the contract but there are further consequences for the buyer. Not showing up for the closing is a breach of the contract and generally the seller can keep any deposit as long as that provision was recited in the sales contract. You should consult with an attorney.It doesn't become void unless the other party wants to void the contract. The seller can use that failure to show up at the closing to void the contract but there are further consequences for the buyer. Not showing up for the closing is a breach of the contract and generally the seller can keep any deposit as long as that provision was recited in the sales contract. You should consult with an attorney.
When renegotiating conscessions in a real estate contract gets convoluted?
Remember to a seller they want to know what their 'net' price is on a sale of real estate property. So however you negotiate such things as closing cost concessions or any credits or share of repair costs for the property, it means less monies for the seller. Simpler is better in a real estate contract. In a hot market, concessions requested may put you as a buyer at a disadvantage in obtaining the property. In a slower selling market, as a buyer you may have more leverage to request closing cost credits or repairs being done prior to closing. A knowledgeable real estate agent should be able to guide you well in either market.
Is the wife responsible for her deceased husband bills in Georgia?
Georgia requires that all debts be resolved before an estate is settled. That means the bills have to be paid before anything can be distributed to the spouse.
Dose a real estate broker go to closing?
Most real estate brokers show up at the closing with their hand out ready for their commission check.
