PROBATE

[Amanda Montague]

Hi BP family, I have a couple probate questions for you (I'm in California, near Sacramento). This is the process as I understand it so far:

-go to the courthouse and compile your probate list
-direct mail campaign
-when you find a deal, put the house under contract with the executer or administrator of the estate, after they have filed a "letters testamentary" or "letters of administration" with the court
-Then go to the courthouse and file a petition for order concerning sale, purchase, or exchange of property (this costs $435 in my county). This allows the property to be sold anytime, during the long 8-12 month probate process, using the Independent Administration of Estates Act (IAEA), assuming everyone on the will agrees with the sale.

So then, what's next? At this point can I go ahead and wholesale it to a buyer? Am I missing any steps? I feel like I am.  Does anyone know of a site that explains more detail?  I've searched the many sites but haven't found any answers. Thanks for your input! smile emoticon