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    ortonm's Avatar
    ortonm Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Oct 20, 2010, 01:05 PM
    Seller for a contract for deed dies
    Seller for a contract for deed dies and there is no PR appointed yet. Can the buyer pay off the amount to anyone else such as: clerk of courts or register of deeds?
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
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    #2

    Oct 20, 2010, 01:49 PM
    No. You pay the estate. Be careful about who you are paying (executor) in case any heirs prove to be a problem.
    ortonm's Avatar
    ortonm Posts: 2, Reputation: 1
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    #3

    Oct 20, 2010, 01:54 PM
    The buyer is the son of the seller and his father passed away. He doesn't want any problems with his siblings so he wanted to pay the balance off without any problems and the easiest way.
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #4

    Oct 20, 2010, 01:58 PM

    This is the reason the buyer must pay the estate. He is a sib too and all must be treated equally or according to the dad's will.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #5

    Oct 22, 2010, 04:01 AM
    Quote Originally Posted by ortonm View Post
    He doesn't want any problems with his siblings so he wanted to pay the balance off without any problems and the easiest way.
    Hello o:

    If the sale is legal, then there won't BE any problems from his sibs... But, if they don't like it, they're not going to like it any more when he pays it off.

    excon
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #6

    Oct 22, 2010, 04:13 AM

    Yes, you have to pay the estate. But until an executor is appointed by a probate court, you have no one to pay. If you are looking to pay the contract off in full, then you can prepare a draft made out to the estate of... Have it ready for when an executor is appointed.

    You can also have the amount deducted from your inheritance.
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