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What else can I help you with?
Theft of a bull during estate asset inventory what recourse is there?
Report it to law enforcement.
Who offers non recourse real estate funding?
check out North American Savings Bank (NASB) at www.iralending.com
What options are available to recover life estate property when the taxes have been defaulted on and the property is subject to sale in Wisconsin?
The only recourse is to pay the taxes or the state will take the estate and the son will get nothing.
What is the purpose and significance of a non-recourse clause in real estate transactions?
A non-recourse clause in real estate transactions limits the lender's ability to pursue the borrower for additional payment if the property's value decreases. This clause is significant because it helps protect the borrower from personal liability in case of default, providing a level of financial security.
When is a contract for real estate considered executed?
Upon both the buyer and the seller signing the contract.
What happens if Seller dies after signing contract?
If a seller dies after signing a contract then the contract is terminated. In the case of real estate the property may go to the state, a bank, or the trustee of the will.
What should I know before signing a real estate contract?
Make sure to read the contract carefully and have the house checked and inspected by a professional. This will ensure a safe and fair signing.
Is your brothers exwife still entitled to his estate after his death if the deviorce is not finalised?
no
You deeded your home to your children and retained a life estate can they sell the home if you agree and sign off?
Yes. If you join in the deed by signing it with language added that you are releasing your life estate the property can be sold free and clear of your life estate.
Is there a right to rescind period in signing a Real Estate Listing Agreement in Nevada?
You can rescind your real estate listing agreement at any time. This is usually listed in your terms that you sign with the agent.
Your mother is a life estate tenant can you refinance without her signing any papers?
No. Your mother would need to consent to the mortgage by signing it. The lender will discover her interest when it has the title checked and will insist that she signs the mortgage.
My brothers and I inherited our mother's house. I would like to buy out my brothers. How do I do this?
Your mother's estate must be probated in order for title to the real estate to pass to her heirs legally. Once the estate has been probated your brothers can convey their interest to you for an agreed upon price. You should contact an attorney who specializes in probate and real estate law who can review your situation and determine what you need to do to accomplish your plan. All three children should share the costs of probating the estate.Talk to your brothers to see if they are interested in selling their shares. If they seem warm to the idea then do your homework:Consult with a real estate appraiser about obtaining a fair market value on the property.If you need to borrow money to buy your brothers' interests then speak to a few mortgage officers at local banks to determine if you qualify for a mortgage.Make a reasonable offer to buy your brothers out.Hire an attorney to handle the transaction.Keep in mind that in order for legal title to pass to you and your brothers your mother's estate must be probated. Your brother's cannot execute a deed of their interests until the estate is probated and your interest is not vested until the estate has been probated.
