Site icon becoration

Is it possible to sell an inherited house without a deed?

Here’s the translation to American English:

At a recent forum on legal matters, a notary provided important clarifications regarding the possibility of selling an inherited property without having previously obtained its deed. This issue has raised questions among heirs who wish to liquidate assets quickly after the death of a family member.

The notary explained that, in order to sell an inherited house, it is essential to have the property deed. However, in cases where heirs have not yet completed the acceptance of the inheritance process, there are nuances that may allow for the sale. The key lies in executing a promise to purchase agreement, which assures the buyer that the transaction will be formalized once the deed is in order.

To initiate this procedure, it is necessary for the heirs to be fully capable of exercising their rights over the property and that there are no disputes regarding ownership. The notary also emphasized that before proceeding with any sale, the heirs must obtain the death certificate of the deceased and document the acceptance of the inheritance process, which will allow them to obtain the necessary deed.

Furthermore, the professional stressed the importance of obtaining appropriate advice to avoid potential legal complications in the future. Selling a property without the proper documentation can lead to significant problems for both the seller and the buyer, including the need to regularize the situation afterward.

This information comes at a time when economic uncertainty has led many people to consider selling inherited assets as a viable option for obtaining liquidity. The notary highlighted that, although the process may seem lengthy and cumbersome, following the correct steps will prevent setbacks and ensure that the transaction is conducted legally and effectively.

Let me know if you need any further assistance!

via: MiMub in Spanish

Exit mobile version