My question involves real estate located in the State of: Georgia
Can we sign a listing agreement with a real estate agent before my fatherís will goes through probate?
Dad had a reverse mortgage on the home he and my sister shared; his will leaves the house to her. When he passed, the lender notified us to choose among certain actions. It appears that the best option is to market it for a short sale (lender agreed to this), allowing her to live there while the house is on the market.
Our decision time is almost up and proof of listing must be provided to the lender. However, the will is just now being presented to the probate court and the estate will be open for at least 6 months. We should receive letters testmentary soon but donít have them yet.
Can a real estate agent sign a sales agreement with us? We have been talking to an agent (a young one), and he asked us to ask a lawyer to confirm this.
If this isnít possible, will she just have to forfeit the home? She couldnít get financing to buy it herself.
(I refer to ďweĒ because we siblings are all on her side and helping any way we can.)