The
public records of the property didn’t show any information that should rise a
red flag. However, during the title examination we found out that the probate
at the time of death of my customer’s father who was the former owner of the
unit was not properly done. The father of my customer deceased in New York and
the probate was done at the court in New York. During this probate proceedings
my customer got papers that stated that she was the owner of the unit and she
thought everything was okay.
Sadly
the attorney who had done the probate case in New York forgot to file the
probate case also in Florida. Because of this attorney’s mistake my customer
had to retain a second probate attorney in Florida who did the missing filings.
Such additional filings are a costly factor in a real estate transaction.
To
prevent such a costly issue you should already at the purchase time decide if
personal ownership is the best choice for you. There are better options to
protect you of such a probate situation. To find out the best options for your
specific situation the advice of a real estate attorney is the best protection.
Please
contact us for further questions at andrea@florida-informations.com
