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Estate administration is the process of winding up the affairs of a deceased person. Often the estate administration process is referred to as probate. The process usually involves closing bank accounts, paying out debts, selling a house or other property, paying final taxes, and delivering funds to the deceased person’s beneficiaries.
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Lending decisions by banks and private lenders hinge on knowing what debts a borrower has. If a borrower has significant debts it is likely they will have trouble making their payments. Lenders also want to be sure that the value of the property will cover the loan if the borrower can’t make their payments.
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Although most people hire real estate agents when selling their property, most don’t think about hiring a real estate lawyer. However, hiring the latter is a smart decision because they can provide a number of services that a real estate agent can't.
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Buying a home represents a significant investment and it’s something you might do only a few times in your lifetime. Prospective homebuyers conduct large amount of research to learn as much about the home purchase process as possible; but that isn’t a match for the knowledge and experience a professional brings to the table. Read More