Posted by JD on November 06, 2003 at 18:11:00:
There is no family interest in the house = there is (probably) no equity in the house. If you really want the house bad, buy it at the foreclosure auction. But, it might be a good idea if you make an effort to find out what he owes on the house by searching the public records.
Trying to buy a house in Probate - Posted by Gary
Posted by Gary on November 05, 2003 at 16:51:46:
Can any one help me understand the probate process.
I am in Texas, Trying to buy a house in probate. The man has been deceased for 3 years. The house is abandoned. Needs lots of cosmetic work. The bank is trying to forclose. There is no excecuter assigned. We have talked to the bank’s attorney who says we might can work something out but have not heard back from him. Talked to an attorney of a family member who says there is no family interest in the house. We know there is a bank lien and a city lien on the house. This is all we know right now. Where do we go next? How can we move this forward? Any advise on what we can do to buy this house. Any advise would be great.
Thanks,
Gary
Re: Trying to buy a house in Probate - Posted by Gary
Posted by Gary on November 06, 2003 at 16:16:21:
Looks like the bank is not going to cooperate. They say they will not take any offers on house until probate is settled. To me that means the house will forclose and go to auction. Can anyone explain this process and is there anything I can do to buy the house?
Thanks,
Gary