Probate with Negative Equity

probate law firms near me Magna UTah

What Happens With a House in Probate With Negative Equity?

If you are considering selling your inherited home, you’ll want to understand what will happen if you’re in probate with negative equity. Negative equity is when you owe more on your house than its value. It’s a problem that can be tricky for people with contested inheritances.


Fortunately, there are a few solutions to this situation. First, you can “zero out” the debts. This will allow you to take the equity you have from the home and use it to pay the bills.

Another option is to continue paying on the mortgage until your house’s equity has increased. Once it does, you can sell your inherited home.

One way to do this is to find out how much you owe on your home and compare it to the current market price. Then, work with your estate representative to make an offer. You’ll need to put down a 10% deposit, which is usually in the form of a cashier’s check.

Estate Representative

Once you’ve received your offer, you’ll have to review it with your estate representative. They may decide to accept your bid or reject it.

Estate Executor

When the estate’s executor makes an offer, he or she must submit it to the court. After the court approves it, you can proceed with the sale.


Depending on your state, you may be liable for property taxes and capital gains taxes. You should also check to see if there are any liens on your inherited home.

Free consultation from one of the best Law Firms

If you have questions, you can get a free consultation with the Best Probate Lawyers.

Parklin Law – Probate Lawyer
5772 W 8030 S, # N206
West Jordan UT 84081
(801) 618-0699
Parklin Law Official Website
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Disclaimer: This is not legal advice and is simply an answer to a question and that if legal advice is sought to contact a licensed attorney in the appropriate jurisdiction.

When you need a Lawyer, contact this law firm:

Parklin Law

5772 W 8030 S, # N206
West Jordan UT 84081
(801) 618-0699

Magna, Utah

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Main Street in Magna

Main Street in Magna
Etymology: Kennecott Copper’s Magna Mill;
Latin word meaning “great” or “superior”
Location of Magna within Salt Lake County and the State of Utah.

Location of Magna within Salt Lake County and the
State of Utah.
Coordinates: 40°42′6″N 112°5′9″WCoordinates40°42′6″N 112°5′9″W
Country United States
State Utah
County Salt Lake
First Settled (as Pleasant Green) 1868
Given Township Status 2001
Incorporated as a Metro Township 2017

 • Municipal Administrator Greg Shulz

 • Total 37.48 sq mi (97.07 km2)
 • Land 15.11 sq mi (39.13 km2)
 • Water 22.37 sq mi (57.94 km2)

4,278 ft (1,304 m)

 • Total 26,505
 • Estimate 

 • Density 1,783.88/sq mi (688.78/km2)
Time zone UTC-7 (Mountain (MST))
 • Summer (DST) UTC-6 (MDT)
ZIP code
Area code(s) 385, 801
FIPS code 49-47290[3]
GNIS feature ID 1430037[4]
Website Official website

Magna (/ˈmæɡnə/ MAG-nə) is a metro township in Salt Lake CountyUtahUnited States. The current population of the township stands at 27,029 according to the 2020 census, a moderate increase over 22,770 in 2000.

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