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 Buy a prop where 1 of the owner has deceased

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TSSylph818
post Apr 15 2024, 02:45 PM, updated 2y ago

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Need some advice of the duration and process of buying a house that 1 of the owner has deceased.

Current status:

- 2 owners (divorced, 1 of the owner has deceased 2 years ago)
- Letter of administratives obtained, all administratives and owner agreed to sell off the house

Question:

1. As I know it need to obtain court order for selling then only can enter SPA stage, may I know how long it required for this stage?
2. Is there any risk for me to buy this property?
3. What else I need to be aware and alert before and after entering SPA?

This post has been edited by Sylph818: Apr 15 2024, 02:46 PM
Pac Lease
post Apr 16 2024, 11:12 AM

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Joined: Jun 2012
QUOTE(Sylph818 @ Apr 15 2024, 02:45 PM)
Need some advice of the duration and process of buying a house that 1 of the owner has deceased.

Current status:

- 2 owners (divorced, 1 of the owner has deceased 2 years ago)
- Letter of administratives obtained, all administratives and owner agreed to sell off the house

Question:

1. As I know it need to obtain court order for selling then only can enter SPA stage, may I know how long it required for this stage?
2. Is there any risk for me to buy this property?
3. What else I need to be aware and alert before and after entering SPA?
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You may seek advise from ur SPA lawyer and they will advise y accordingly.
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