Lynnea Miller, Premier Real Estate Service in Central Oregon (Bend Premier Real Estate)

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Rainmaker
680,409
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Yes interestingly, it was not my client but the seller of property that my buyer was purchasing--this seller was also the designated broker of his company. His wife was also an agent, but a relatively new agent who was from Central America and spoke extremely broken English. The property was owned by both as community property so she could sign off, but it took extra time and was tough with her emotional state on top of the language barrier, plus her newness in the business. My heart went out to her, and we pitched in and helped her as much as we possibly could-- and one of their senior agents was able to quickly take on the duties of the DB.

Aug 26, 2017 05:52 PM
Rainer
90,825
Theo Shaw
Baird & Warner Residential Real Estate - Evanston, IL
Serving Evanston, IL & Beyond

Oooh, good question.  I guess it would stop the transaction until it was ascertained who now would own the property. 

I recently listed a rental for a client who co-owned the property with her ex-husband.  She was planning on leaving the country soon for 6 months, possibly during the time the house was listed with me.  In past years, other agents had taken the listing, requiring only the client alone to sign the listing documents.  I insisted that the ex, who lives out of state, sign the docs too--in case anything should happent to the client while she was traveling.  I always check to see who really owns a property I list, and how they own it (joint tenancy, etc.) 

Aug 26, 2017 05:15 PM
Rainmaker
1,564,132
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Lynnea Miller I am closing on a property next week that we made an offer on a year ago. I represent the Buyer. The Seller died and had no will. It's taken this long, almost a year to the day to get this one settled.

Aug 26, 2017 06:14 PM
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

3 times, Lynnea!

The first two times, the delay was 1 and 3 months but, both went through.

The third time was fairly recent and the attorney was amazing - she knew the client was dying and worked with the state to have the ownership transferred to the client's only child and we actually Closed ON TIME! I understand that's quite rare though.

Aug 26, 2017 05:25 PM
Rainmaker
911,112
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

We had two sisters fake one of their deaths (car accident was the story) to get out of an escrow. They and their agent were sued for fraud.

Aug 26, 2017 11:30 PM
Rainmaker
3,240,942
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thankfully, no at least not yet.   I imagine what transpires next would depend on the details of the individual transaction.  

Aug 26, 2017 09:59 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

We have had several clients die during, but not due to, projects that we were working on.

The success of the project generally depended on how well they had prepared their successors.

Aug 26, 2017 09:09 PM
Rainmaker
525,189
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

I have not had someone pass away during escrow. However, I have done many probate situations that have taken 3 months to twelve months to resolve. Lesson: If you care about your heirs, go to an estate planning attorney and get your will and real estate ownership in order.

Aug 26, 2017 08:27 PM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes, and with blood sucking people arguing over their rights! It was a mess. Luckily, I had patient buyers willing to wait it out!

Aug 26, 2017 07:12 PM
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Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Not yet.

Aug 26, 2017 06:41 PM
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Thank goodness NO

Aug 26, 2017 05:18 PM
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Yes & everything was put off around 10 days. Then the buyer wanted to know 'where' she died so as not to mess up the vibrations in the house.

Aug 27, 2017 05:48 AM
Rainmaker
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Thankfully, not. But I had one die in an automobile accident 5 days after we listed... I sold the house for his widow.

Aug 27, 2017 04:20 AM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I haven't had that happen.

Aug 27, 2017 04:07 AM
Rainmaker
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Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

I have not had a client die during escrow, but I would have assumed there would definitely have been an impact. It is interesting to read some of the comments here that indicated closings still happened on time. Wow!

Aug 27, 2017 03:23 AM
Rainer
352,453
Jim Cheney
Saint Francis Property Santa Rosa, CA - Santa Rosa, CA
Rincon Valley Realtor 707.494.1055

Even if I thought I knew that answer, I'd call CAR and talk to an attorney about what the next step would be.

Aug 26, 2017 09:34 PM
Ambassador
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Alan May
Coldwell Banker Residential - Evanston, IL
Helping you find your way home.

I've had plenty of issues with transactions (we're not an escrow state)... but I've never had a client die between contract and closing.

(Oh, crap... I shouldn't have said that out loud, should I?)

Aug 26, 2017 07:26 PM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nope!

Aug 26, 2017 07:22 PM
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

No it's not happened, thankfully

Aug 26, 2017 06:19 PM
Rainmaker
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Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

I have not, thank goodness.

Aug 26, 2017 06:15 PM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I have not had a client die. I have had a couple of clients that I was afraid they would die and had to go to the hospital to do the closings.  

Aug 26, 2017 06:13 PM
Rainmaker
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Allie Angeloni
Long Realty - Oro Valley, AZ

We/I have not been in this particular situation, though it might depend if you are referring to the Buyer or the Seller.  I'm thinking the transaction would end, if it were the Buyer, while the Seller's Estate would continue on with the sale Lynnea Miller - I will read replies below, and you must share your two different scenarios!

Aug 26, 2017 06:04 PM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

no, I actually have never had that happen in 39 years.....

Aug 26, 2017 05:02 PM
Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Yes I have, did not affect the transaction, the son was the designated representative and we closed on time. 

Aug 27, 2017 09:21 AM
Rainmaker
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Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Lynnea Miller \

I can't say that I ever have had that experience and I hope I never do

Aug 27, 2017 05:58 AM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Lynnea Miller - Not happened to me - yet.

Aug 26, 2017 10:48 PM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have not but the deal would go on as the estate is still responsible.  For buyers that may not be so unless the estate has the cash to purchase

Aug 26, 2017 05:45 PM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Not that I recall.

Aug 26, 2017 05:24 PM
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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

I have, and it put an end to the transaction.

 

It happened early in my career, and taught me to never, ever, assume a client is being flaky.  

Sep 25, 2017 03:35 PM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

In all my years, luckily have not had a client die between contract and closing, thankfully!

Aug 28, 2017 06:34 PM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

I have not; however, I assume it could be a sticky situation.

Aug 28, 2017 09:18 AM
Rainmaker
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Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Yes, and it is still in probate 6 months later. Due to close this week though!

Aug 28, 2017 06:23 AM
Rainmaker
359,067
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Not yet.

Aug 27, 2017 05:43 PM
Rainmaker
866,851
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

No, but the buyer's father died during the transaction.  It was a foreclosure with a smaller bank that turned out to be very patient.  They waited and we closed.

Aug 27, 2017 03:37 PM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Scary thought.

Aug 27, 2017 03:32 PM
Rainmaker
1,211,014
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I've had a buyer back out at the last second because family deaths in the old country, but thankfully never a client die.  I'm pretty sure that would kill an escrow (no pun intended) if it were the buyer.  As a seller, it might still work but also may turn into a probate.

Aug 27, 2017 10:14 AM
Ambassador
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Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

I have not Lynnea but almost. What they did is do a beneficiary deed and if the person passed before closing the home was owned by the other party. Just sold two like that lately - both had beneficiary deeds.

Aug 27, 2017 09:24 AM
Rainmaker
3,066,352
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Has never happen to me.

Aug 27, 2017 08:40 AM
Rainmaker
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

No. Most of my clients have already made their transition by the time I list their home.  

Aug 27, 2017 07:27 AM
Rainmaker
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

No, but I had a few I was worried about.  

Aug 27, 2017 07:23 AM
Rainmaker
984,364
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I wish the listing agent would drop dead. Only motivation was double ended on 95% listings over 4 figure transactions.  Most of us wanted to have nothing to do with him.  

Aug 27, 2017 07:21 AM
Rainmaker
3,049,871
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Fortunately not...

Aug 27, 2017 06:41 AM
Rainmaker
4,796,501
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I've had this happen.  It was the seller and the closing was delayed for months for probate.

Aug 27, 2017 06:31 AM
Rainmaker
1,366,927
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Lynnea Miller Yes I have. The property of deed per her will to eight adult children heirs. The main issue was getting these people who lived all over the U.S. to sign the paperwork. All was successful except for one heir who was homeless. I found him through a church in another State and the property successfully closed.

Aug 27, 2017 06:18 AM
Rainmaker
2,942,028
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Yes, she was selling her home and buying a new one. Of course she was let out of the purchase, with the sale the buyer still wanted, the heirs still wanted to sell and the buyer even offered them time, but some heirs were down right nasty

Aug 27, 2017 06:01 AM