Probate, Title and Ethical Practice

The legal process, and dealing decently with people in difficulty

Distressed property carries more legal weight than almost any other strategy, and this book explains the framework well enough for you to spot when something is wrong and instruct the right professional in time. It covers probate and the authority to sell, repossession and the duties a lender owes, the regulated line you must not cross when approaching a homeowner facing repossession, and title as the thread that ties it all together. You will see the planning and building control questions raised by works a previous owner did and works you intend, licensing if you let, and empty property rules. The contracts chapter explains limited or absent title guarantees, the information you will not receive, auction contracts and conditional structures. The book also covers insuring from exchange, unoccupied property, and the tax questions of stamp duty, investor or trader status and structure. It is clear throughout about dealing decently with people in difficulty. Next in this series: “Sourcing Distressed Deals Consistently”.

What’s inside

• The legal framework in plain English
• Permissions, licensing and planning
• The contracts, and what must be inside them
• Insurance, safety and your legal duties
• Tax treatment and choosing a structure
• Your compliance checklist
• Getting this wrong: what it actually costs

Educational material only, not financial, legal or tax advice. Results are not typical and are not a guarantee of income. Freedom Property Academy LTD, registered in England and Wales.