Anita deBois
New member
What is the name of your state? Louisiana
My cousin and I sent this letter out to all the heirs of this property 7 families total 28 heirs. The response was 16 yes votes to sell, 1 want's nothing to do with any of it, and the other seven will not respond to any correspondents. My family is the only one to have a succession done, none of the other families have a will or have completed a succession from the deceased parent.
What can I do besides filling a petition in the court to sell the property?
Greetings to All:
Anita Xxxxx and I have been researching this property for a few months. The property has a long history dating back to 1927. Grandpa was apparently a very active Real Estate investor. Originally 52 acres that was sold and reacquired during the 1930, 40, 50, 60’s. We don’t have all of the transactional history. My Dad and Mom have been paying the taxes since the Succession of JosXx xxxxxxx , Widow of/and PXXX of 1978. I have a copy of another succession of 1984 with amendments to the original. Properties list is different. The taxes are minimal, approximately $18/year. Mom, Aunt MXXXX has been asking me to get it sorted out and to sell it since my Dad passed away almost 5 years ago. Anita called and got the ball rolling! The longer we wait the list of heirs will increase and be more difficult to locate.
There is a neighbor with an adjoining property who is interested in buying the property, CD The size of our property is in question. The assessment says it is 4.3 or 4 1/6 acres. We have surveys that show 4.3 and 2.73 acres.
On a quick search, land in that area seems to sell for about $20,000/acre.
I spoke to a real estate attorney at a title company. He said the title on the 2.73 acres has a defect. So a title search will be required in order to sell and to find the 4.3 acres if it exists. He also advised that each of the 7 inheritors’ families will have to do a succession to have ownership authority passed to us the children to have authority to sell. Uncle T‘s family did that already. For those of us who have not the cost will likely run $2,000/ family. If all of us agree to sell, the title search will run about $500. Don’t know the cost of a survey, that would be the next expense.
Obviously, this will require a monetary investment to pay for these services. Before making the investment, we would like to make sure that all the heirs are in agreement to sell it (28 people). If anyone holds out, we can’t sell it. If that happens, we would either keep it continuing to pay the taxes or stop paying the taxes and let it go to tax auction.
Please let me know your position on selling the property (yes or no)? Also, pass this on to any of your siblings, which I may have left off the group send. Comments and suggestions are welcome!
Thanks
My cousin and I sent this letter out to all the heirs of this property 7 families total 28 heirs. The response was 16 yes votes to sell, 1 want's nothing to do with any of it, and the other seven will not respond to any correspondents. My family is the only one to have a succession done, none of the other families have a will or have completed a succession from the deceased parent.
What can I do besides filling a petition in the court to sell the property?
Greetings to All:
Anita Xxxxx and I have been researching this property for a few months. The property has a long history dating back to 1927. Grandpa was apparently a very active Real Estate investor. Originally 52 acres that was sold and reacquired during the 1930, 40, 50, 60’s. We don’t have all of the transactional history. My Dad and Mom have been paying the taxes since the Succession of JosXx xxxxxxx , Widow of/and PXXX of 1978. I have a copy of another succession of 1984 with amendments to the original. Properties list is different. The taxes are minimal, approximately $18/year. Mom, Aunt MXXXX has been asking me to get it sorted out and to sell it since my Dad passed away almost 5 years ago. Anita called and got the ball rolling! The longer we wait the list of heirs will increase and be more difficult to locate.
There is a neighbor with an adjoining property who is interested in buying the property, CD The size of our property is in question. The assessment says it is 4.3 or 4 1/6 acres. We have surveys that show 4.3 and 2.73 acres.
On a quick search, land in that area seems to sell for about $20,000/acre.
I spoke to a real estate attorney at a title company. He said the title on the 2.73 acres has a defect. So a title search will be required in order to sell and to find the 4.3 acres if it exists. He also advised that each of the 7 inheritors’ families will have to do a succession to have ownership authority passed to us the children to have authority to sell. Uncle T‘s family did that already. For those of us who have not the cost will likely run $2,000/ family. If all of us agree to sell, the title search will run about $500. Don’t know the cost of a survey, that would be the next expense.
Obviously, this will require a monetary investment to pay for these services. Before making the investment, we would like to make sure that all the heirs are in agreement to sell it (28 people). If anyone holds out, we can’t sell it. If that happens, we would either keep it continuing to pay the taxes or stop paying the taxes and let it go to tax auction.
Please let me know your position on selling the property (yes or no)? Also, pass this on to any of your siblings, which I may have left off the group send. Comments and suggestions are welcome!
Thanks
