Breach and clear deadline what happens if my guy dies

#Breach and clear deadline what happens if my guy dies how to#

Unfortunately for a seller, an uncompleted real estate contract is not likely to be a very high priority. The buyerвЂ™s estate may simply be unable to financially complete the purchase.ДЄrizona probate law contains a list of priorities outlining how estate funds should be paid. For example, if the buyer was about to borrow money in order to pay for the real estate, itвЂ™s unlikely that the estate will be able to have similar borrowing power. One potential option for the seller is to file a claim against the buyerвЂ™s estate for lost profits, but this could cause the seller to run into more complications when they try to complete the purchase.

However, if the buyer is the party who passes away, the seller may not be able to force the contract against their estate. If the seller is the deceased, his or her estate is obligated to complete the real estate contract. The answer to what happens to a real estate contract if one party passes away really depends on who dies. Learn more from a Gilbert real estate attorney about how real estate transaction complications can arise and be dealt with when one party passes away before the transaction has been completed. What happens to the real estate contract in that situation? In rare situations, a buyer or seller dies before the transaction is completed. But even in the best of situations, things can fall apart due to unexpected circumstances. ThereвЂ™s good faith in the agreement, both parties are satisfied with the price, youвЂ™re eager to make the purchase, and everything comes together smoothly. Sometimes in real estate, you find yourself making a perfect contract with another party.

#Breach and clear deadline what happens if my guy dies how to#

What Happens To My Real Estate Contract If My Vendor Or Buyer Passes Away? How To Deal With Real Estate Transaction If Your Buyer Unexpectedly Dies