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SpinDistribute.com Article Directory

The following article was published in our article directory on May 1, 2015.
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What to do with you Inherited House in Florida that Needs Probate

Article Category: Real Estate

Author Name: Robert Weglewski

Do you have an inherited house in Florida and you don't know how you're going to sell it? Well, this is a perfect guide for you.

Selling a house in probate Florida requires you to have enough knowledge about it. The first thing that you need to figure out is the process of your inheritance. You need to know how you inherited the said house in order to figure out what step to do next. There are three ways of inheriting a property. The first one is by deed where you are the part-owner of the house because you are a family member or the the one who left to receive the reserved property of the person who died. Next is by will where you inherit the house by Florida will after the owner died with his or her sole name as the owner on the deed. The last one is by trust. This is where you inherit a house through a trust agreement. This trust agreement should state that you are entitled to the house. The following are the possible actions that you need to take in selling a house in probate Florida. Take note of the following actions that you need to consider after figuring out how you inherited that house in Florida.

Inherit a House by Deed

This kind of inheritance does not require probate proceedings. If you inherit a property by deed, you just need to secure the affidavit, or death certificate in the public records. If you don't have title issues, it is easier selling a house in probate Florida.

Inherit a House by Will

If you inherit a house by will, you need to go to Florida probate court as a part of Florida probate proceedings. This kind of inheritance requires you to wait the clearing of the legal title of the house or property. That's why in most cases, selling property after probate Florida would usually take more or less 5 months after filing.

Inherit a House by Trust

Inheriting a house by trust would require you to follow the homestead rules, especially if it the deceased left behind a surviving spouse or minor-aged children. Same with inheritance by will, you also need Florida probate proceedings. You need to be careful when it comes to estate planning with homestead. It would be easier if the person who died don't have a spouse or minor children because there would be less questioning and proceeding in selling a house in probate Florida.

After figuring out how you inherited the house or property, is now easier to make a decision. You have actually more or less four options. You can sell the house, rent the house, deal with your co-owners, or let the mortgage company foreclose the property. This kind of decision must not delay because as time goes by, the cost also increases. Title or management issue is one of the main reasons why it takes so much time selling a house in probate Florida.

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