My question is simple. How can an Estate sell Real Estate w/ liens against it if the Estate has no free cash to pay liens?

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Attorney Answers

4
Geil Bilu ·
The answer is simple as well, the estate uses the proceeds of the sale to pay off the liens. If the liens outweigh the value of the property, then you must either arrange for a short sale or find a buyer that is willing to purchase the property subject to the liens.
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Mark Adamczyk ·
What kind of liens? And was the property homestead at the time of death? Important questions to explore with a real estate attorney.
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Jonathan Klurfeld ·
As stated, if the property is worth more than any mortgage on it (if any) along with the liens, then the proceeds will pay off the liens. Otherwise the estate must arrange for a short sale or find a buyer who's going to pay off the liens or take subject to the liens.
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