Property Redemption Process Guide
Summary
To transfer property during the redemption period in Texas, initiate probate to transfer ownership from your deceased father to you. The buyer should pay the redemption cost. After redemption, create a new deed transferring the property to the buyer. Set up an escrow agreement to ensure funds are held securely until the transfer is complete. Consulting a real estate attorney is advisable to navigate this process smoothly.Full Conversation
My father has passed away. I am the only heir. Foreclosed on because of a scrivener's error now in the redemption period the person's going to redeem the property but they want to feel safe that I will give them the deed once the properties were redeemed
I'm sorry for your loss. Here's a revised process for your situation:
*. Probate: Initiate probate to transfer the property from your father to you.
*. Redemption Payment: The buyer pays the redemption cost.
*. New Deed: Create a new deed transferring the property from you to the buyer.
*. Escrow Agreement: Set up an escrow agreement to hold the funds until the transfer is complete.
Would you like assistance in finding a local lawyer to help with probate and the transaction?