Can you sell a property with a lis pendens?
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Can you sell a property with a lis pendens?
“The homeowner can enter into a contract to sell the property, but the claim of the person who has filed the lis pendens has to be paid or settled before title can pass free and clear to the buyer.” If the house closes, the buyer would ultimately have to accept the outcome of the pending litigation.
How long does it take for notice of lis pendens to foreclose?
How long it takes for your home to foreclose once you receive notice of lis pendens will depend on the state. In California, it might take a minimum of 120 days, and 180 days in Florida, while in New York it can take as long as 15 months after the notice is filed.
What happens if someone refuses their inheritance?
If you refuse to accept an inheritance, you will not be responsible for inheritance taxes, but you’ll have no say in who receives the assets in your place. The bequest passes either to the contingent beneficiary listed in the will or, if that person died without a will, according to your state’s laws of intestacy.
How do I legally disclaim an inheritance?
How to Make a Disclaimer
- Put the disclaimer in writing.
- Deliver the disclaimer to the person in control of the estate – usually the executor or trustee.
- Complete the disclaimer within nine months of the death of the person leaving the property.
- Do not accept any benefit from the property you’re disclaiming.
Should inherited money be equally split between family members?
The standard advice among experts is to divide your estate equally between your children. But there are many reasons why parents consider another option. Two-thirds said a child who steps in as primary caregiver for an aging mom or dad deserves to inherit more than other siblings.
Can I give my inheritance to my brother?
Yes. You may give your interest to brother. No. You are not required to accepts your inheritance.
