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Updated over 8 years ago on . Most recent reply

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1,263
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Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
348
Votes |
1,263
Posts

Probate Deal Finding Strat

Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
Posted

Hi BP

I finally have a system for finding probate deals. There is a website in Massachusetts that allows you to search the probate case files. What I do is the following

1) search for all cases open 

2) google the decedent

3) find the decedent obituary

4) read obituary and see if any of the people listed in the obituary are mentioned in the probate case file as a "petitioner" "fiduciary" "personal rep"

5) continuing reading obituary figure out which town the decedent resided

6) go to the town assessor website listed in the obituary as the decedent's home town

7) search assessor website by the decedent's name find address where they lived.

8) google where the "petitioner" "fiduciary" "personal rep" lives.

9) mail the all the addresses related to the decedent and the "petitioner" "fiduciary" "personal rep"

My questions to the seasoned probate investors would be

1) do i want to look for recently closed, reopened, active or suspended probate case files

2) do i want to look for probate case files that have been active for a while or ones recently opened. Or do I want to look for files that have been closed for a while.

3) what power do these titles have in terms of being a decision maker in the disposition of real property. "petitioner" "fiduciary" "personal rep".

4) property held in trust bypasses probate, however can a will appoint new trustees to a trust? 

5) Would probate ever be needed to dispose of property held in trust? ( the reason i ask is because i found a piece of property held in trust but there was an open probate case for the decedent who was the trustee for that trust ).

Thank you

Most Popular Reply

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Rick H.#4 Marketing Your Property Contributor
  • Lender
  • Greater LA/Orange County area, CA
3,549
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3,866
Posts
Rick H.#4 Marketing Your Property Contributor
  • Lender
  • Greater LA/Orange County area, CA
Replied

Classic. You want to make money and profits but won't invest in yourself 

Ok. Hope it works out well. 

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