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Tax, SDIRAs & Cost Segregation

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Dan Duran
  • Wholesaler
  • San Francisco, CA
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Owner passed away intestate

Dan Duran
  • Wholesaler
  • San Francisco, CA
Posted Nov 16 2011, 10:39

I'm trying to find a way to buy this property and help the heirs at the same time. The owner, who is the only person on title, was in her 90's and was being cared for by her daughter. They were trying to get a will in place, but they never did. None of the heirs have money to pay for a probate attorney and the only asset in the estate are two homes. There are 4 siblings in the family, but I have been dealing with the daughter living in the property for over a year. She is also the only one that lives in the area. They are not in default, but need to get the money from the equity in the property to pay for funeral expenses and the probate attorney. I'm trying to structure this so that I can get the property, but without knowing the executor, is that even possible? There is plenty of equity in the property and I have already determined that the daughter does not want to live in the home. Any advice would be greatly appreciated.
Best,
Dan

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