Buying Property in Probate
Originally posted by @Toure Lee:
There's a seller whose properties never went through probate. Mom and dad passed away without a clear will and there are several siblings. The seller wants to dispose of the properties--a headache--and the siblings want to sell as well. What are the steps required for the seller I'm working with to get a clear title? About how much should this cost in attorney fees? Are federal/state taxes due as a result of the title transfer? Just trying to understand if I should even get involved in this. I was thinking to to work with the seller and get the properties under contract and then wholesale them. They're both rented and in good shape with some recent improvements.