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Updated over 5 years ago,
Probate Wholesaling: I Got the List, Now What?
Hello everyone! I'm new to wholesaling in Central Jersey, and when I say "new," I mean new.
I'm 19 and made an arrangement with my parents--if they see me make $10k before the summer's over, they'll support me next summer. Otherwise it's back to the IT internship. *shudders*
So, here we go!
Today I went down to my county's courthouse and asked around for every list I could think of to start generating some seller leads. Special proceedings, pre-foreclosure, water outage...and the only one the county clerk responded to was "probate."
So, I spent $42 (didn't even know what the cost would be for a list, nobody ever mentioned that I even had to pay for it. Whoops!) and got 2 lists of hundreds of names. One is titled "Transmittal Sheet for Wills" and one is "Transmittal Sheet for Administrations."
Each entry looks like this:
- Last, First: Doe, John
- D.O.D: XX/XX/2019
- D.O.P: XX/XX/2019
- WILL_01 (or 02, 03, 04)
So, I'm assuming D.O.D. is the date of death for the person named, and the WILL # is for a type of will in NJ.
My questions are:
- What does D.O.P. mean (and is it important)?
- Am I supposed to SkipTrace the deceased person using just their name?
- What list should I be using: Wills or Administrations? I'm assuming one is unnecessary in this case.
Any advice on this would help a ton--I hope that at the very least, I'm taking action towards something.
Thanks!