Can a co-estate trustee refuse to sell a house?

Anna was also a co-trustee but refused to list the house for sale while living there without paying rent. Anna did pay other related house expenses. After four years, her brother and fellow co-trustee (“Onofrio”) brought an application for directions from the court in respect of listing the property for sale.

Why did Anna not want to sell her house?

However, the real estate agent encountered a number of problems once the property was listed. Anna interfered during showings, did not return his messages and kept the house in poor condition. Despite these setbacks, there were several offers made on the property that Anna refused to sign back.

What happens when siblings can’t agree to sell house?

However, the four siblings were unable to agree on how to administer the estate. Foremost, they could not agree to sell the deceased’s house, a major asset of the estate. A year after his death, one the deceased’s daughters (“Anna”) moved into the house belonging to the estate.

How can Bank of America help you with a foreclosure?

Bank of America can help you learn about home foreclosures with helpful tools, resources and mortgage products that can help make the process of buying a bank foreclosure an easier one. If you’re ready to shop for real estate owned properties for sale, explore the real estate owned listings from Bank of America.

Is it illegal for Bank of America to foreclose in Nevada?

In 2010, Bank of America suspended foreclosures across the US after officials alleged many foreclosures were based on faulty documents and potentially illegal procedures. In response to complaints about illegal foreclosures, Nevada has become the first state to make illegal foreclosure a felony.

Are there any lawsuits against banks for foreclosure fraud?

Officials in numerous states are now investigating allegations of improper foreclosures against banks and, in some cases, other third parties. Meanwhile, homeowners have also filed foreclosure lawsuits, alleging banks used an unethical foreclosure process to force them out of their homes.

What happens to the money from a foreclosure sale?

Most foreclosures end in an auction where the property is sold to a new owner. During the foreclosure crisis, foreclosure sales frequently resulted in a deficiency, which means the property sold for less than the borrower owed the lender.