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Updated over 5 years ago,
Looking for a private lender
I have a unique situation. My mother passed away in may and my sister and I will be beneficiary of her house. But we have to put it in probate before we can put the house in our name. She didn't have anything else other than the house and a car and both are completely payed for. As far as we know she didn't owe anything but i dont want some creditor to come out of the wood work claiming some debt and not have the money to pay it. So im looking for a private lender that would give us a line of credit that may not be needed. I just want to be prepared just in case. I dont want us to lose our family home due to not have the money to pay the creditor. Once it goes through probate i plan on getting a mortgage to pay what ever if anything to the private lender and then rehab and rent the house out.
Please if anyone knows of anything that would help us with this please let me know.
Thank you
Charles