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You are an administrator for an estate can you make a home equity for the estate?
Wiki User
∙ 14y ago
Generally, you need a license from the court to mortgage the property.
Wiki User
∙ 14y ago
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Where can one find information on home equity in Florida?
Home equity is something a homeowner builds in his house. When a person buy a house, they make payments on said house. Then over time, naturally a property becomes more valuable. So when a house is bought and you live there for 10 years you build equity in the house. To find out about equity in Florida, contact a Real Estate agent.
What are home equity loans for?
A home equity loan is a loan to be used to make repairs on a home. It is a loan that can be taken against a mortgage to fix a problem or make upgrades to a home.
How much does a Nursing Administrator make?
Average Nursing Home Administrator Salary: $72000
Make the sentence for equity?
The major source of wealth for most people is the equity in their home.
what is a home equity line used for?
You can use a home equity loan to pay off debt, make improvements on your home purchaase of any kind. A home equity loan can be used to anything you want.
Home Equity Loans Are Available Again?
After a slowdown due to the recent credit crunch and real estate crash, banks and mortgage lenders have begun to offer home equity loans again. Rates are relatively low, but lenders will make sure that the value of your property and the equity in it is sufficient to approve a home equity loan, and most such loans are available only to borrowers with excellent credit. However, there are lenders who offer home equity loans to customers who may not qualify for bank loans, and you may be able to find reasonable rates from these lenders especially for smaller loans.
How is a county administrator involved with the sale of an estate?
If the estate of a decedent needs probating and no one has come forward to administer the estate, then the county Public Administrator may petition to be appointed the administrator. They are required to perform their duties under the law as any administrator. They would need to petition the court for a license to sell the real estate. The proceeds would escheat to the state to be placed in a fund. If an heir ever comes forward and can prove their status as an heir they can make a claim for the net proceeds.
Where can one find quotes for a Home Equity Loan?
One can find quotes for a Home Equity Loan through the site of the Bank of America. A home equity loan or line of credit can be a smart way to make home repairs.
Can an estate admnistrator sell estate property to make improvvements or pay debts?
An Administrator has no authority to sell the real estate. They must apply to the court for a license to sell the real estate. The court will consider the petition and if they find the request to be reasonable will issue a license to sell. The license gives the Administrator the authority to sell and convey clear title.
What do equity loans do for you?
An equity loan allows you to pay towards the loan amount while earning equity. So if you were to sell your home you would make money to use towards your next home.
How can you purchase a property prior to foreclosure on a deceased person with an heir that has denounced their interest in the property?
The estate must be probated. You should contact the attorney who is handling the estate and the bank to discuss your purchase of the property. You would need to pay off the bank and obtain a deed from the duly appointed administrator of the estate. Generally, the administrator may need a license from the court to sell the property. You should consult with an attorney who can represent you, negotiate for you and make certain the purchase is done properly.The estate must be probated. You should contact the attorney who is handling the estate and the bank to discuss your purchase of the property. You would need to pay off the bank and obtain a deed from the duly appointed administrator of the estate. Generally, the administrator may need a license from the court to sell the property. You should consult with an attorney who can represent you, negotiate for you and make certain the purchase is done properly.The estate must be probated. You should contact the attorney who is handling the estate and the bank to discuss your purchase of the property. You would need to pay off the bank and obtain a deed from the duly appointed administrator of the estate. Generally, the administrator may need a license from the court to sell the property. You should consult with an attorney who can represent you, negotiate for you and make certain the purchase is done properly.The estate must be probated. You should contact the attorney who is handling the estate and the bank to discuss your purchase of the property. You would need to pay off the bank and obtain a deed from the duly appointed administrator of the estate. Generally, the administrator may need a license from the court to sell the property. You should consult with an attorney who can represent you, negotiate for you and make certain the purchase is done properly.
What is the benefit of a home equity loan?
A home equity line of credit acts like a credit card: Homeowners get a certain amount of credit based on their home's equity and then use that to make purchases, much like they would with a credit card.
