....put down earnest money on a property of other than listed at the assessors office if you:
1) Didn't know them from Adam/Eve
2) Didn't have any documentation other than the realty contract to purchase
3) Provided A Personal representative document stating they have unrestricted authority, dated 2.5 months after they died
.... (thats it.....pretty vague...)
4) Insert anything else.......
Only if the potential profit was large and I could afford to lose every cent of my earnest money.
Sure, if it's a great deal and my attorney holds the EM.
I probably would if the earnest money was being held by a licensed Real Estate Broker.
No, if it was just a handshake deal between you and somebody you don't know.
Putting the professional in a position of agency safeguards your risks.?ÿ They can lose their license and livelihood if they fail to perform all functions per the law.
Update, I got the attorney's phone number and information from the court that the estate is open, but has not been evaluated for anything yet.?ÿ Oh Boy, calling a probate attorney sounds like fun!
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Gets better.....it was purchased under an affordable housing arm of the county.....yikes.....
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.... not Deed restricted though, thank god.?ÿ?ÿ
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