Probate in foreclosure

[Dakota Ferguson]

BP I found an opportunity with a family that is in probate and the house is in foreclosure. There is good equity in the house. Does anybody have experience with this? I am reading the process of selling during probate and am starting to think the timelines won't work before the auction date. The contact is the executor. If we agree on a price any idea how long it would take the court to agree to the sale? I'm in Texas. Thanks for your help. Looking for any loophole to structure the deal so they don't lose their equity.

[Chris Seveney]

Yes. If the amount owed to a lender is $50k and home sells for $80k the $30k balance goes to owner (assuming no other debts on property)