Buying (or selling) a home that requires a probate court approvalÂ contingencyÂ is not that difficult but does require patience. Â
Buying a Las Vegas home with a contingency subject to probate court approval means that the homeowner is deceased and without a â€œwillâ€. Â This is called â€œintestateâ€œ. Â Probate is the legal process to transfer title to what the court deems are the legal heirs to the property.
Here is a summary of Nevada Probate LawÂ if you would like to go into greater depth. Â I am going to give you the â€œreal estateâ€ side of the story. Â The â€œWOman on the street sideâ€ of the story, if you will! Â Please keep in mind that I am not an attorney nor do I play one online.
The first step as a buyer is finding Las Vegas homes subject to probate court approval. Â This can be done several ways:
Once the probate court approves the petition, the heirs attorney will record the court order. Â A certified copy of the recorded court order of title transfer to the heirs can be passed on to the title & escrow company so the property can then be closed and title can be transferred to the new homeowners.