Becoming a PR to Do a short sale

[Michael A. Soper JR]

I am Curious to see if anyone goes after properties in which both owners have passed away, the property is upside down with a large mortgage and the family (Heirs) wants absolutely nothing to do with the property and do not open estates for there passed loved ones. In theory does anyone here continue to actively go after these leads do a judicial probate to become PR of Estates then do a shortsale on the property. Trying to see A is this Legal and B is this possible. 

[Brett Goldsmith]

Interesting idea, never heard of or seen anyone do it though. I will ask my attorney who does probates if the concept is possible. Will be much easier to just get heir(s) to cooperate. Potentially offer them some funds or pay for the probate. The challenge is that short sales are speculative and you may end up covering probate costs and then not purchasing the property as it's not a good deal.

There are likely easier deals and lower hanging fruit out there to chase. I personally only do probate short sales when they fall in my lap. Makes more sense to market to properties with equity if you are looking to potentially do distressed probate deals.