Q: My mom owned 50% of house with her deceased sister's 6 kids. Personal rep and my mother signed listing contract.
After the house went under contract to sell my mother added my brother and I to her half of the deed because she was diagnosed with end stage 4 cancer with limited time. My brother and I signed the contract because we thought my mom may need the money for her health care. Now my mother has passed. Do we have to sell to the party that we are under contract with? is the contract valid still? They are claiming we need to file an extension to clear title. My brother and I would love to buy out the other half and not sell to a non-family member. Is the listing contract still valid since my brother and I are not on the listing agreement and we never signed it? The personal representative is agreeing with selling to us over a third non-related party. Are we liable to be sued if we don't sell to the third party? How much could they get in a suit? The house is currently rented. The rent is $800 and the appraised value is $225,000 and the contract is for $250,000.
A: You first write that your "... brother and [yourself] signed the contract because ...", but then you write that "... we never signed it." Which is it? If you signed it, you are probably bound by the terms of the agreement.
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