Helen lost her second front tooth today

InnoVest Resource Management's

Foreclosure Forum

Home

Discussion Board

"Hands-On" Training

Title Holding Trust

Annual Reunion

Speaking Schedule

Store

Foreclosure Fundamentals

Code References

50 State Foreclosure Basics

Foreclosure Glossary

Foreclosure Statistics

70+ Yrs Interest Rates

Fillable Forms

Archived Articles

Dingbat Retirement Plan

Links

Contact / Map

About Us

Home

 

BBBOnLine Reliability Seal

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ]

Re: right to sell during probate proceding

Posted by Rick, the Probate Guy on November 03, 2009 at 12:43 AM

In Reply to: right to sell posted by Jane M on November 03, 2009 at 9:48 AM

If you're buying off the MLS, you're going to receive title insurance, correct? So, relax (you'll probably have much spare time to do this anyway, if the sale requires court confirmation at any point).

You don't have to become a probate expert; just let the players involved do their jobs!

Since deceased people can't sign escrow and transfer docs (normally), it's the role of the court appointed personal representative to sell the asset()s), pusuant to cout powers.

Just remember the following: "C.P.A."

In a CA sale, a seller must have each of these three (3) things:

1) Capacity
2) Powers
3) Authority

I suggest that you discuss these points with the title officer who's providing you policy. S/he will tell you what documents that they require to insure such a sale transaction.

Also, did you read the archived article on this website concerning probates? It's still not too late!

(Actually, hurry up and wait would better describe your situation!)


Follow Ups:


Post a Followup:

Name    : 
E-Mail  : 
Subject : 
Comments:


[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ]

WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455