What is the name of your state? Austin, Texas Travis County ETJ
A home I am considering purchasing is being sold by two 'Independent Co-Executors' of an estate with countless heirs. If purchased, I plan to repair as necessary and then happily live and work there.
They are selling it through a 'middle-man' who is active in the real estate networking community and was able to locate a buyer(me). My questions as plain as I can make them are:
1. Does the 'Independent Co-Executor' of a will have the right to sell a property from the estate with or without the blessings of all the heirs?
2. Will I as the new owner of the property be subject to any risks of future claims arising from concerns/interests of the various heirs?
I've heard owner title insurance can reduce some of the risk, but I am skeptical it can protect me from frustration, losing time, money, or even the home later. Can anybody offer guide me in the right direction?
Respectfully,
Don
A home I am considering purchasing is being sold by two 'Independent Co-Executors' of an estate with countless heirs. If purchased, I plan to repair as necessary and then happily live and work there.
They are selling it through a 'middle-man' who is active in the real estate networking community and was able to locate a buyer(me). My questions as plain as I can make them are:
1. Does the 'Independent Co-Executor' of a will have the right to sell a property from the estate with or without the blessings of all the heirs?
2. Will I as the new owner of the property be subject to any risks of future claims arising from concerns/interests of the various heirs?
I've heard owner title insurance can reduce some of the risk, but I am skeptical it can protect me from frustration, losing time, money, or even the home later. Can anybody offer guide me in the right direction?
Respectfully,
Don