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Updated over 4 years ago on . Most recent reply
Can I wholesale a contract obtained for a probate sale?
I won't go into details on here on why I no longer want the property but it has nothing to do with the house itself. I've never done wholesaling before, but I'm looking into if that's an option for me. I got the house on a discount because the home was badly listed on the mls since it had terrible photos and was listed as condo when it was really a sfh so little demand. Also, it's a probate sale which takes a while and most folks don't want to wait for a house to close for 2-3 months.
I'm wondering if anyone who has experience with probate or wholesaling would know if there's anything legally prohibiting me from wholesaling this deal? The house is located in the greater Sacramento, California area btw.
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If the property is no longer in probate you can wholesale it. If it is still in probate you can still wholesale it but you would need approval by the court (typically 2-3 weeks). Oh and make sure the person who is giving you the home has the authority to convey the property to you. That authority is called letters of administration/letters of testamentary.