If your house unexpectedly goes into probate, it can leave you feeling confused and helpless. The probate process can be confusing and difficult to understand, particularly if it is something you weren’t anticipating. Here are a few steps that usually happen when a house goes into probate.
Why Does a Home Go Into Probate?
Homes go into probate when their primary owner passes away without properly and legally bequeathing the house to a surviving beneficiary. To properly inherit a house, you’ll need a living trust, joint ownership, transfer-on-death deed, or community property law that helps you to do so. Unfortunately, some homeowners think they’re prepared to pass on their house when they’re really lacking some of the required legal documents to do so. So, when a home goes into probate, it is temporarily supervised by the state and probate court until the legal ownership issues can be resolved.
How Can I Save the Home?
If your home has gone into probate and you want to save the property and regain legal ownership of the house, you’ll need to go to probate court to file an appeal and complete the probate process. At probate court, many lawyers can help walk you through the legal processes required to do so. Unfortunately, these processes in probate court can be quite lengthy, and they might even require several months or years to complete. However, if that is something you want to do, the probate court will have the resources you need to regain ownership of the house.
Can I Sell Instead?
If your expenses are building up and you don’t have time to go to the probate court, remember that you can sell the house instead. However, there are only certain kinds of home buyers that will purchase a home in probate due to the legal complexities of the probate situation. Cash home buyers will purchase your probate home in an easy, stress-free process. They’ll help you to get a great cash payment for your home and they’ll purchase your house as-is without requiring you to fix it up or make any repairs. This can take a huge weight off your shoulders when you’ve been surprised by a death in your family and the probate process.
So, if you ever end up with a house in probate, remember the details in this article. A home goes into probate when it isn’t legally and properly passed on, but you can go to probate court to regain ownership or sell the house for cash. Remember, cash buyers will help to ease the stress of the probate process and give you more financial stability.
Do you have a house in probate that you want to sell for cash? Click here to get a cash offer today from Dynasty Real Estate and Property Solutions.