Signing over title deed vs. closing
Hi BP,
I have a lengthy question regarding an estate. My grandfather passed away and the house is to be split between my mom and uncle 50/50. My uncle wants to sell the house, my mom wants to keep it so she'd like to buy him out of his half. Is it required to go through a closing process with title insurance? Or is there a means where the deed can be signed over in some way. I have an attorney telling me I'd need to go through the closing process and of course recommending title insurance, and I have a title company telling me that my uncle could just deed the property to my mom without needing to go through closing or the need for title insurance. The property is still in probate if that makes a difference.
Thanks all for your help
Kevin