Austin Distressed Property Lawyer and Central Texas Distressed Property Lawyer Helps Families Clear Title to Texas Real Property by Austin Distressed Property Lawyer and Central Texas Distressed Property Lawyer Jason S. Coomer
Many families and landowners lose significant wealth through the loss of Texas real property. Further, families and property owners commonly lose houses, condos, and other real property when owners cannot agree or title is not clear. This problem is especially true in Austin where real estate prices and taxes have increased substantially over the last two decades leaving families unable to afford taxes, insurance costs, and transfer costs. In many of these situations, an Austin Texas Distressed Property Lawyer will be needed to help clear title to real property, transfer the property, or file a partition action to sell the property.
For questions on an Austin Texas Distressed Property, Partition Actions, or Forced Sales of Texas Real Estate, please send an e-mail message to Austin Texas Distressed Property Lawyer Jason S. Coomer or use our contact form to submit
Disputes Between Owners, Inheritance Issues, and Title Issues Often Cause Texas Real Property to Become Vulnerable to Becoming Distressed
Austin real property typically becomes distressed when it cannot be transferred and the owners cannot maintain taxes, maintenance, association dues, or mortgage payments. More specifically, owner disputes, missing owners, inheritance issues, and title issues cause the property to become non-transferable and then finances cause the property to be distressed, then lost. In many of these situations, families and property owners fail to timely act and lose substantial wealth. In other situations, families seek legal help to free the property and transfer it.
Inherited Real Property Often Becomes Distressed Property
In many situations, inherited family real property gets stuck in probate before it can be transferred, collected, or sold by heirs or beneficiaries. Lack of information regarding the assets or Texas probate process, missing heirs or beneficiaries, fighting heirs and beneficiaries, proximity of heirs and beneficiaries, and lack of resources all can cause distressed real property. A good Texas inheritance lawyer can often help resolve many of these issues allowing inherited property to become unstuck and to be sold or passed to rightful heirs and beneficiaries.
Lack of Information Regarding Inheritance and Probate Can Create Austin Distressed Property
The issue of lack of information regarding inheritance and probate assets can often cause inheritance to become stuck or even lost. Communication, research, and obtaining possession of crucial documents are typically the best method of resolving this issue. Communication by the decedent or the loved ones of the decedent can often prevent assets from becoming stuck or lost. By leaving an inventory of assets or at least some documents with an inventory of assets, a person can often prevent the loss of their assets after they pass. However, in some situations the person that has died was battling significant health problems prior to their death, died unexpectedly, or became incompetent prior to their passing. In these situations, it is often necessary to piece together assets through collection of documents and research.
Missing Heirs and Beneficiaries and Beneficiaries Can Create Austin Distressed Property
The issue of missing heirs and beneficiaries can also often cause inheritance to become stuck. In these situations, it is often necessary to file pleadings with the court and have an ad litem appointed to represent or search for missing heirs or beneficiaries. These appointments can often become expensive and require substantial resources, however, if there are sufficient assets in the estate it is often worth the time and effort. Further, in some instances a Texas inheritance lawyer can handle these cases on a contingent contract that can often alleviate some of the expense of the probate process.
Disputes Between Heirs or Beneficiaries Can Create Austin Distressed Property
When heirs and beneficiaries start fighting over inheritance, it can also cause the inheritance to become stuck. In these situations, it is often necessary for Texas inheritance lawyers to represent all parties to help resolve issues and conflicts. These contested cases can often be extremely expensive, especially, if the parties are not willing to agree to certain issues and force decisions to be made by a Judge or Jury.
The Proximity of Heirs and Beneficiaries
Often families do not live in the same city or state or sometimes even in the same country. In these situations it is often necessary to hire a local Texas inheritance lawyer to help probate an estate and transfer inheritance. In these situations, the heir or beneficiary can sometimes transfer inheritance without ever coming to Texas or with one or two trips to Texas.
Lack of Resources Can Create Austin Distressed Property and Require A Contingent Contract To Clear Title and Sell Texas Real Property
In some situations, heirs and beneficiaries cannot afford the cost of probate, clearing title, a partition action, and other transfer costs. In these situations, a Texas Contingent Partition Action Lawyer who works on a percentage of the property sales can often help owners, heirs and beneficiaries sell real property. In these situations, the Texas Contingent Partition Action Lawyer will typically need to see information regarding the ownership of the property and the address of the property. The lawyer will also need to know about any taxes, association dues, liens, or mortgages on the property.
Suit to Determine Heirs Often Need to Be Filed to Save Austin Distressed Property and Texas Distressed Property
As a Texas Intestate No Will Real Estate Attorney, Jason Coomer helps families file Suits to Determine Heirs in order to clear title to Texas real estate and other estate property. In situations where the decedent died with no will and the estate has real property and substantial assets that need to be transferred, it will usually be necessary for a Texas probate court to determine who the heirs according to Texas law are. In these situations, the judge will appoint an "attorney ad litem" to represent the interests of potential or "unknown" heirs.
As a Texas Heirship Proceeding Lawyer, Jason S. Coomer helps rightful heirs gain clear title to Texas real estate, control of their lost loved one's estate to be able to sell stock, claim pensions, use bank accounts, claim oil royalties, transfer mineral interests, transfer real property, sell lake houses, transfer title to homes, claim unclaimed property, and transfer title to businesses or other real estate.
Texas Suit to Determine Heirs and Dependant Administrations
Unfortunately, sometimes heirs cannot agree to how an estate should be divided or be administrated, in these situations the estate has to go through a dependant administration where the Court has to approve all distributions, guardianships, and sales of property. A dependant administration can be expensive, but sometimes it is the best way to probate an estate because any independent administrator will not be trusted by all of the heirs and any of the actions of the administrator will be questioned and attacked. To prevent these attacks based on breach of fiduciary duty, the dependant administration through a probate court will allow the estate administration to be done with the approval of the court. These dependant administrations are expensive and slow, but sometimes they are necessary. Having a probate lawyer assist you through a dependant administration is almost essential when dealing with a large estate.
Austin Distressed Property Commonly Need to Be Partitioned and by Divided or Put Through a Forced a Sale
In simple terms a real estate partition is dividing real estate interests. When real estate is a large tract of land and owned by several different owners, a partition may be done as a partition in kind by dividing the land into sections so each owner ends up with a separate, but equal portion of the real estate. This partition process can be simple or complex depending on several factors including the type of real property that is being divided and the determination of the owners to litigate. The goal in a partition is to make sure that the division or partition is fair among the owners. However, when the real estate is a house, building, or other unique real estate a partition may be impractical or impossible. Some real property just cannot be divided by the owners including a house or building. In dealing with such unique property, the partition may need to be a partition by sale.
A partition in kind is a division of the property itself, whereas partition by sale constitutes a forced sale of the land, followed by division of the profits thus realized among the owners of the real estate. A common example of the partition by sale occurs when more than one person inherits a house or building.
When Does a Real Estate Partition by Sale Occur?
A Real Estate Partition commonly occurs after heirs or beneficiaries inherit a house or other real estate that cannot be divided. In some instances all or some of the heirs or beneficiaries live out of state or have their own homes and have no need for another house. In other instances one or more of the heirs or beneficiaries do not want a house and the other heirs cannot afford to purchase that heir's interest in the house or building. In these situations, a real estate partition by sale may be necessary.
Texas Distresse Property and Real Estate Partition Lawyer Handles Real Estate Lawsuits Throughout Central Texas and Commonly Works with Other Lawyers Throughout Texas
Texas Real Estate Partition Lawyer, Jason Coomer handles real estate partition lawsuits in Travis County, Williamson County, Bastrop County, Comal County, Blanco County, Llano County, Bexar County, and Hays County as well as works with other Texas real estate probate partition lawyers across Texas including Dallas County, Harris County, Fort Bend County, and Tarrant County. He works with Houston Real Estate Partition Lawyers, Dallas Real Estate Partition Lawyers, and several other Texas Probate Real Estate Partition Lawyers.
Lawyer Jason Coomer represents heirs, family members, and beneficiaries that have inherited real estate and want to partition or divide real estate including forcing sales of buildings, commercial real estate, farms, mineral interests, lake houses, ranches, houses, or other real property. He handles real estate partition lawsuits in central Texas including Travis County, Williamson County, Bexar County, Bastrop County, Burnet County, Llano County, Blanco County, Comal County and Hays County as well as works with other Texas probate lawyers across Texas including Dallas County, Harris County, Fort Bend County, and Tarrant County.
Austin Distressed Property Lawyer and Central Texas Real Estate Partition Lawyer Helps Families Save Wealth By Clearing Title to Real Property, Filing Partition Actions, and Helping Families Transfer Texas Real Estate
Sometimes co-owners of real property cannot agree on how the property will be used or if it will be sold. In these instances, it is sometimes necessary to file a real estate partition lawsuit or a real estate forced sale lawsuit to divide the land, commercial property, lake house, mineral interest, or other real property. For questions on a Texas Real Estate Partition Lawsuit, Texas Inheritance Real Estate Partition Lawsuit or Texas Probate Real Estate Forced Sale Lawsuit, please send an e-mail message to Texas Real Estate Partition Attorney Jason S. Coomer or use our contact form to submit.
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