What exactly is a deceased estate?
Answers: A deceased's estate is the total of all assets and liabilities of a dead person ("the deceased"). It can be their house, income earned and not yet received, stocks, bank accounts, and the like, as well as their debts for mortgages, utility bills, and the like. The process for resolving a decedent's estate is called "estate administration", which is most often done through the probate court.
In real estate terms it means that the person that owned it has deceased [died] and that the proceeds of its sale will be taken as part of deceases persons estate.
Simply, old owner dead, relatives want quick sale of house.
Add-on point:
Old owner may or may not have died in the house. Real Estate agent must tell you if this is the case, but only if you ask.
All tangible assets.valuable personal assets including bank accounts belonging to a deceased person are known as a deceased estate.
How to be a section eight landlord?
Answers: In CA they receive no special protection from eviction, so do not worry here. In fact they loose their voucher if you evict them, so they tend to at least pay their share of the rent on time.
I have 2 homes I rent to disabled families on section 8. I have never been to the office. They fax me forms to sign, although I had to show for the home inspections.
You simply call the Housing Authority and tell them you want to sign up. If your house passes inspections you can have it all done the same day that you called (if early) or the next.
Beware that they will tell you exactly how much rent you are allowed to charge, nothing more nothing less.
go to your local section 8 office and file but i have to tell you when you move a tenant in when their lease is up they dont have to move until section 8 provides them with a transfer which can take up to 1 year and 6 mos so be sure to get a good tenant!
How does forclosure affect my faculty to rent an apartment?
You know the story. Owe more than my house is worth on an ARM that just on the same wavelength. Can no longer afford my house payment. If I tolerate it go into forclosure, will I be capable of rent something else? Should I be worried about losing my vehicle? It's really my single other asset.Answers: Don't worry in the region of. If you have no charge offs and everything be rosy prior to the foreclosure you won't have a problem.
Rent an apartment beforehand you let the house budge into foreclosure. Once you lose a house in foreclosure you're credit will be horrible and it would be vastly hard to find a tenant who will rent to you.
If you are having serious financial problems consider file for bankruptcy. It'll tender you a fresh start. You would need to speak next to a bankruptcy attorney. You owe it to yourself to look at adjectives of your options.
Good luck.
If they do a credit check it will show. The solely way to know is to ask respectively apartment complex. If they ask for cash for a credit check, inform them you have a forclosure, will they still rent to you. If they read out no, dont pay the $30, freshly leave.