HEIR GOLD STANDARD

MaxPro Realty Partners, its employees, subsidiaries, affiliates, associates and partner companies recognize that their Single-Family and Multi-Family divisions are involved with many individual heirs that may or may not even know they have an interest in an heirship property. And there are probably diverse relationships within families that have equitable interest in property the company is considering acquiring. The properties we typically seek to acquire are usually abandon and a blight on the neighborhood, and possibly much more by creating dangerous issues for the neighbors’ children, a physical and financial burden on the Neighbors, City, County, Sheriff, Local Police and even possibly preventing the Neighbors from being able to sell their own properties. And many times these properties with high weeds and broken windows are a ‘Welcome’ sign for vagrants and drug dealers and a magnet for criminal activity which in turn deteriorates the entire neighborhood.

However, regardless of the levels of these issues, the company in its efforts to acquire these properties and resell them, turning the property into a usable property for society, and partly rescuing the neighbors and neighborhoods and reducing the cost to the City, County and its agencies as well as providing a home typically for individuals that may never owned a home before – there is still the need to identify and protect the heirs in this process.

The company, with its title experts and legal counsel specialize in acquiring these types of abandoned, tax-delinquent and sometimes mortgage defaulted properties that often have code violations by using various laws including but not limited to Texas Property Code Chapter 23 and Chapter 23A (Uniform Partition of Heirs Property Act – UPHPA) and Right of First Refusal therein, Texas Civil Practice & Remedies Code 16.021 – 16.25,16.030 and other TCPR rights

But in addition to the basis in law and equity that are used to clean up and revitalize the property and neighborhood, there needs to be a basis for balance and protections for the heirs – and therein, MaxPro provides the following Gold Standard for Heirs

HEIRS OF ESTATE PROPERTIES

If you are a fractional heir of a property that MaxPro has acquire an interest in, and may have even sold the property to an existing homeowner (partial owner & possessor of the property)… You do have some rights, and some responsibilities.

You have a right to be paid for your interest in the property. You can be paid your equitable interest in the property two ways:

1. MaxPro Payment For Your Interest : Request to be paid by MaxPro, who had an independent Broker Price Opinion of the property prior to any renovations being done. And has a breakdown of all delinquent property taxes owed on the date of acquisition and all code violations and other liens against the property at that time.
   1. A Broker Price Opinion (BPO) are done by independent Licensed Real Estate Agents hired though a network and not related to MaxPro and is generally accepted by Texas District Courts as a valid basis of the value of property.
   2. All liens and taxes are validated on the date they are obtained.
   3. The company therein makes an offer to the Heir based on the value of the property at that time using the BPO and the cost of all taxes, liens and additional cost involved by MaxPro to obtain heirship information through obituaries, probate court records and cost to stop tax foreclosures or tax suits and other efforts to prevent the property from being sold under tax foreclosure or being demolished by the City and other various efforts to retain value in the property.
   4. The offer to the heir is typically a good offer considering the amount of effort it takes just save the property from becoming of no value if it is sold at auction or demolished by the City and a large lien put on the property for the demolition.
   5. And the offer is with MaxPro recognizing that ‘no one else’ would purchase your interest unless they can get ‘all’ heirs to agree to sell. So the company is taking a large risk that they will never get all heirs to sell their interest and in fact many times some heirs are unknown or their location is unknown.
   6. Typically we have heirship charts based on Probate Records, Tax Suit Records from Attorney Ad Litem Affidavits, Obituaries and more. Therefore we can make you an offer with just your proper identification and without you needing to prove your right to an equity interest.
   7. By contacting MaxPro at its help link, usually you can be verified within a few days and payment arranged within a few days.
   8. You would need to sign a Special Warranty Deed and sign an Heirship Affidavit and payment will be paid to you.
   9. And any help you can give us in locating other heirs, we will be happy to pay you for your assistance.

This make the process makes it quick to cash out your interest in the property.
Or…

2. File a Partition Suit in District Court : As an Heir in an Estate that owns real property – any partial owner has a Right to Sue for Partition. Texas Property Code Chapter 23 and Chapter 23A (Uniform Partition of Heirs Property Act – UPHPA) . A partition suit is to have the District Court rule that a property is to be put up for sale, and the proceeds are to be split with the all partial owners. Here are the guidelines:
   1. Cost for an attorney to handle a Partition Suit is typically $2,000 - $5,000 up front and possible continued cost during the case. This amount can be recovered from the sale before the balance of the sale amount is distributed to all parties.
   2. Most suits will take between 9 months to 3 years
   3. The court under Case Law typically will recognize there is a willing ‘buyer’ of the other interest, being the individual in the property that is also a partial owner. And that this person renovated the property and either paid or is paying on the taxes, therefore the Court will typically rule under Chapter 23A (Uniform Partition of Heirs Property Act – UPHPA) to give the partial owner in the property a “Right of First Refusal” to purchase the property. And to do this will use the BPO we have secured and use all the documents we have provided on Delinquent property taxes, code violations and liens, to determine a price for that partial owner that is living in the property and therein how much to pay to each heir.
   4. Which is what MaxPro is basically offering to pay you without you paying an attorney to sue for. And the cost of the attorney would reduce the amount each person is receiving. But it is still your right to do so. MaxPro just seeks to make it easier and less costly to do so in its offer.

HEIRS : If you are an heir on a property that MaxPro has acquired a partial interest and may have already sold their partial interest to a ‘homeowner’. The ‘homeowner’ is a partial owner but has possession of the property. It is a violation of law to harass that individual for possessing a property they have a partial interest in. You can either contact MaxPro about being paid for your interest in the property, or you can file a Partition Suit in District Court, which as stated above is how they would again, still ensure you are paid for your interest in the property

To Contact MaxPro please click the link:

MaxPro Contact for Heirs