Massachusetts Decree of Sale of Real Estate Debts, Legacies, Charges of Administration

State:
Massachusetts
Control #:
MA-SKU-0649
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PDF
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Decree of Sale of Real Estate Debts, Legacies, Charges of Administration

The Massachusetts Decree of Sale of Real Estate Debts, Legacies, and Charges of Administration is a set of laws and regulations that govern the sale of real estate debts, legacies, and charges of administration in the state of Massachusetts. It provides the necessary legal framework for the sale of real estate debts, legacies, and charges of administration in the state and outlines the specific procedures and rules that must be followed. The Massachusetts Decree of Sale of Real Estate Debts, Legacies, and Charges of Administration is administered by the Massachusetts Department of Revenue and is applicable to all counties in the state. The Massachusetts Decree of Sale of Real Estate Debts, Legacies, and Charges of Administration consists of two types: a regular Decree of Sale and a Special Decree of Sale. The regular Decree of Sale requires the creditor to provide a written statement outlining the terms of the sale and to post a bond with the court. The Special Decree of Sale is used when the creditor is unable to provide a written statement or post a bond. In these cases, the court will appoint a Trustee to oversee the sale. The Massachusetts Decree of Sale of Real Estate Debts, Legacies, and Charges of Administration also outlines the process for filing a petition for sale in court, and the requirements for a sale to be approved. The Decree also outlines the fees and costs associated with a sale, including the fees for advertising, court costs, and fees for the trustee. The Decree also outlines the procedure for the sale itself, including the rules for auctioning the debt or legacy, and the procedure for distributing the proceeds of the sale. Finally, the Decree outlines the procedures for appealing a sale, and for the enforcement of a sale.

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Massachusetts Decree of Sale of Real Estate Debts, Legacies, Charges of Administration