Legal Question in Real Estate Law in Illinois
Selling on contract
If some one is executer of estate and they want to sell a property on contract what do they have to do?
3 Answers from Attorneys
Re: Selling on contract
First, they sign a Contract. Then the Seller's (estate's) real estate attorney will check with the title company to see what they require. Sometimes paperwork from the title company is enough, sometimes probate court approval is required.
Re: Selling on contract
First, they sign a Contract. Then the Seller's (estate's) real estate attorney will check with the title company to see what they require. Sometimes paperwork from the title company is enough, sometimes probate court approval is required.
Re: Selling on contract
If the estate is unsupervised, the executor can sign the contract and proceed. If supervised, court approval is necessary.
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