My question involves real estate located in the State of: Missouri
Good morning, looking for some options on what I can do with a property.
My father passed away in 2013 and owned his home with no mortgage. At his death I became the personal representative of his estate. In 2014 the house sold at auction but during the closing process we discovered a lien from a judgement for one of his past credit card debts. The payoff for the lien is north of $50,000. The value of house is $20,000. The house has been vacant since 2014. The estate is insolvent.
My questions are
1. Can I sell the property with the lien to a cash buyer who is not interested in title work or title insurance?
2. Can I demo the property if a lien exists?
3. What steps should I take to try and resolve the lien?
Thank you
Good morning, looking for some options on what I can do with a property.
My father passed away in 2013 and owned his home with no mortgage. At his death I became the personal representative of his estate. In 2014 the house sold at auction but during the closing process we discovered a lien from a judgement for one of his past credit card debts. The payoff for the lien is north of $50,000. The value of house is $20,000. The house has been vacant since 2014. The estate is insolvent.
My questions are
1. Can I sell the property with the lien to a cash buyer who is not interested in title work or title insurance?
2. Can I demo the property if a lien exists?
3. What steps should I take to try and resolve the lien?
Thank you
Execution of Deed: Selling a Home with a Lien
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