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The estate must be probated. The property can be transferred with court approval but it is subject to the mortgage. If the mortgage isn't paid the lender will take possession of the property by foreclosure.
The estate must be probated. The property can be transferred with court approval but it is subject to the mortgage. If the mortgage isn't paid the lender will take possession of the property by foreclosure.
The estate must be probated. The property can be transferred with court approval but it is subject to the mortgage. If the mortgage isn't paid the lender will take possession of the property by foreclosure.
The estate must be probated. The property can be transferred with court approval but it is subject to the mortgage. If the mortgage isn't paid the lender will take possession of the property by foreclosure.
What else can I help you with?
What does an administrator of a deceased person do?
An administrator of a deceased person's estate is responsible for managing and distributing the deceased's assets according to the law and their will, if one exists. This includes gathering and valuing the estate's assets, paying off any debts and taxes, and ensuring that the remaining assets are distributed to the rightful heirs or beneficiaries. The administrator may also need to handle legal paperwork and represent the estate in court if necessary. Essentially, they act as a fiduciary, ensuring the estate is settled in an orderly and lawful manner.
What is PSI in Real Estate?
I think you mean "PMI" which is an acronym for Private Mortgage Insurance. It applies when more than 80% equity exists in the appraised value of a property. It results in higher interest rates and a higher mortgage payment.
What happens with a deceased family members tax refund?
The tax refund will have to be deposited into the Estate of the taxpayers account and used to pay debts of the estate. It will then be disbursed according to the taxpayers will or the laws of the State if no will exists. The Administrator or Executor of the Estate will need to sign the check and deposit it in the proper account.
What is the difference with primary market mortgage and secondary market mortgage?
The Primary Mortgage is that relationship that exists between a lender and a potential borrower. on the other hand, the Secondary Mortgage Market is the relationship that exists after the loan is closed and the lender markets the collateral of that loan for sale to an investor.
How can I open an estate for a deceased person?
To open an estate for a deceased person, you typically need to file a petition with the probate court in the county where the person lived. This involves submitting the necessary paperwork, such as a death certificate and a will if one exists. The court will then appoint an executor or administrator to manage the estate and distribute assets to beneficiaries. It's important to follow the specific procedures and requirements set by the probate court in order to properly open the estate.
How long do you have to agree on a executor if no will exists?
If there is no will then there will be no executor. When a person dies intestate, or without a will, a qualified person must petition the probate court to be appointed the administrator of the estate. That should be done as soon as possible. You should seek the advice of an attorney who specializes in probate in your area.
How do you register car with no title or will when previous owner is dead?
You can not register a car that you do not own. The car is owned by the estate of the deceased individual. The estate gets the title and then you buy it from the estate. Some legal process must occur to distribute the estate of a person who has died. Usually, someone is legally named the executor of the estate and had authority to settle the estate in a manner consistent with a will, if one exists. If no will, exists, the executor still has the power to sell or give away the items owned by the deceased. Technically, it is the estate which owns the car, with or without a title. If you want to become the onwer of the car you must have it transferred by the estate. It is the estate (and the executor is the agent for the estate) who must acquire title to the car. With appropriate documentation, such as a certificate of death and legal documentation identifying the executor, the executor can request a new title from the State Bureau of Motor Vehicles. That title may be in the name of the deceased or in the name of the estate. The estate owns the car. Only after the estate has the title can the estate sell or gift the car to someone.
In this physical estate only two elements on the periodic table exists?
Liquid
Can a Personal Representative sign legal documents for an heir of an estate?
Yes, a Personal Representative (also known as an executor or administrator) can sign legal documents on behalf of an heir of an estate, but this authority is generally limited to matters related to the administration of the estate. The Personal Representative acts in the best interests of the estate and its beneficiaries, and their actions must comply with the law and the terms of the will, if one exists. However, the Personal Representative should ensure that any decisions made are in consultation with the heirs and that they have the necessary legal authority to act on their behalf.
Standalone Mortgage?
A standalone mortgage is a type of home loan that exists independently without being combined with other financing options, such as home equity loans or lines of credit.
How many square feet of corporate real estate exists in the US?
Approximately 9001 sq. feet.
If an estate has been closed 42 years and it was discovered that property in the estate exists can that property be transferred to another entity?
If the estate was probated 42 years ago the title to the property would have passed to the heirs. An attorney will need to review the file and determine if the property passed under the will or as intestate property. The estates of any heirs who inherited an interest and died during the interim would need to be probated. An attorney should be able to determine what needs to be done so that you can convey good title. You should consult with an attorney who specializes in probate and real estate in your area.
