Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

Can I sell an inherited house or a house I am behind on?

Yes to both, though they run on different tracks. An inherited house needs a grant of probate before the executor can sign as seller, while a house you are behind on can be sold at any point before a lender's court action through the Court of King's Bench takes the decision away from you.

For an inherited property, a lawyer confirms the estate's authority to sell and title moves through Information Services Corporation once probate is in place, on top of the usual seller closing costs of 4 to 6 percent. For a house in arrears, that same lawyer confirms your mortgage payoff, including accrued interest and fees, with the lender before the sale can close.

In both situations, acting sooner protects more of the equity. A probate delay or a missed payment does not remove your ownership, but it does add urgency, since a lender or a co-heir who disagrees can each slow things down in a way a decisive listing does not.

Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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