Uncle passed away, my mom is personal rep and probate is unsupervised. I’m trying to buy uncles house. Its estimated value is 230000, but it’s had zero upgrades and needs about $18,000 worth of work. I made an offer for 200,000 but one interested party wants to try to sell it for 275,000. Can my mom sell the house without approval of amount from other party to me or anyone? What actions would constitute a breach of fiduciary duty here?
The information provided is for general information and does not form an attorney-client relationship. See our .Bill HenryFounding Partner | 18 years of experience
Bill HenryFounding Partner 18 years of experience
If your calculations are correct you have nothing to worry about because the market value is significantly less than the asking price. If you wish to further explore your options, discuss how we may be able to assist you in this purchase, closing view the process for a breach of fiduciary duties, etc., I recommend you schedule a free case assessment (24/7) by calling 303-688-0944 or online at /locations. At your appointment, we'll meet by phone or video (Zoom).
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