0
You are still living in your foeclosed house the had an auction two weeks ago no sale yet some real estate agent came and said they represent bank and that you have to get out asap should you getf?
Wiki User
∙ 9y ago
Technically you can stay until they evict you and that can take awhile longer. They have to post a notice of eviction that allows you time to move, then they serve papers on you if you ignore that. Those papers have a court date, if you don't show up for the hearing you will lose. If you do show up you will probably lose. Then the court awards the eviction and the plaintiff has to go to the sheriff and with a writ of eviction and the sheriff comes and physically removes you and all your property into the street.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is the difference between a living trust and an estate?
A living trust is set up for a specific purpose, with rules for what is to be done with the assets while the individual is living. They key to many is that it can also transfer the contents without going through probate. An estate is the property of a decedant that is going through probate.
What if you owed money to a decedent but you are one of two heirs and the other heir is living in the decedent's house?
If the debt is evidenced by a promissory note or some other proof of how much you owe the decedent then the debt is owed to the estate. The two heirs generally share equally in the estate. You two should negotiate an arrangement that takes into consideration the money owed and the benefit of living in the inherited premises. You should consult with the attorney who is handling the estate for help in executing a written agreement regarding the property. In order for title to real estate to pass to the heirs legally, the estate must be probated.
When is life insurance part of net worth?
Life Insurance goes to a beneficiary, not an estate. Unless the beneficiaries are no longer living.
What are the five ways to dispose an estate?
1. He can neglect to make a will, in which case the law will dispose of his estate. 2. He can put all his property into joint ownership. That is, he can provide that he and his wife own all his property jointly. In most states, this action makes his wife the sole owner upon his death. A problem can arise in this case if he and his wife die at the same time. 3. He can make a will that distributes outright all of his estate to one or several named persons or institutions. 4. He can make a will leaving his estate in trust. 5. He can dispose of his estate while he is still living by placing it in a living trust or by giving it away.
What is considered estate?
An estate includes everything that a living person owns - from physical possessions to financial accounts. Everything from clothes, jewelry, art, vehicles, antiques, homes, land, cash, checking and savings accounts, retirement accounts, life insurance, stocks, bonds, and more is considered part of a person's estate.In another sense an estate is all the property a person owns at the time of their death. It would not include any property owned as joint owner with the right of survivorship with another. This differs from the living estate which would includejointly owned property.
Do you need a power of attorney after your dads death?
A power of attorney can only represent a living person. After death, the court will appoint a an executor for the estate.
Can a living estate be probated?
No. Probate is a judicial procedure that distributes the estate of a person who has died. A living estate is all the property owned by a living person.
What is a living estate?
Although we tend to think of an estate as being all the property owned by a person at the time of their death, a living estate is all the property owned by a living person.If you are thinking of a life estate see related question link.
Can the adult child be the power of attorney without a will by the deceaesed?
A power of attorney is only used to represent a living person. After death, they would apply to the court to be appointed executor of the estate.
Do you need power of attorney to get cable or other bills disconnected?
It depends on whether the person is living or not. A power of attorney expires on the death of the grantor. If they have passed, you need a letter of authority to represent the estate.
What do leopards represent?
They are living creatures. They don't represent anything.
Is there a living quarter that starts with the letter E?
· estate
What does Cody Brown do for a living?
Real estate agent'
How difficult is it to settle a parent's estate when the parent lives in Spain and the heir lives in the USA?
It is impossible to settle the estate of anyone still living, regardless of where they or their "heirs" are living.
What is the difference between Executor and Power of Attorney?
A POA allows an attorney in fact to act on behalf of the principle while the person is living. It is extinguished upon the death of the principal. An executor is appointed by the probate court to settle a testator's estate after their death. An executor is often named in a will but must be appointed by the probate court. An executor only has power after the death of the testator and only after they have been duly appointed by the probate court.
Can an executor make surviving children of the estate pay rent if they are living on the estate?
Yes, they have the ability to charge rent. It is their responsibility to maintain the assets of the estate.
How do Mexican coins represent Mexican culture?
they represent their mexican president that is living or has died.
