Ask a Question Series – Part 1 of 7:
Can I sell the house, now that I have been appointed Personal Representative?
Answer: Yes.
- Once you have been appointed personal representative of an estate in Maryland you have the authority to sale the real estate in your mother’s estate.
- The sell of the house must be reasonable when viewed against the real estate conditions in the area, market price and the condition of the property.
- If the property has a mortgage, keep the payments current, if possible. It is not uncommon for lenders to begin foreclosure proceedings within weeks of a missed payment.
This Ask a Question Series will return soon with part 2 of 7.
Let us know if you have a question about wills, trusts, estates or small business matters. Visit us here: http://www.abettslawblog.com/contact
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This question and answer series is for informational purposes only and not intended for legal advice. Consult with an attorney regarding your particular matter.
Aquanetta J. Betts is an attorney, speaker and blogger. She is licensed to practice law in Maryland and the District of Columbia. Connect with her:
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