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Updated almost 12 years ago on . Most recent reply

User Stats

101
Posts
21
Votes
Mike Neubauer
  • Rehabber
  • Beecher, IL
21
Votes |
101
Posts

Need a Probate Expert

Mike Neubauer
  • Rehabber
  • Beecher, IL
Posted

Hi everyone,

I am looking to expand a little more into probate. We had run across a couple, but they were referrals, not marketing. We currently do flips, some flips to lease option and buy mostly short sales or sheriff sales.

I am looking for someone that is an expert in Probate to getting that acquisition strategy up and running in my area.

Thanks,

Mike

Most Popular Reply

User Stats

835
Posts
679
Votes
Sharon Vornholt
  • Goshen, KY
679
Votes |
835
Posts
Sharon Vornholt
  • Goshen, KY
Replied

Mike -

Like Bill Gulley said, just make the offer. The closing attorney will make sure there is clear title, everything is done and it's OK to close. The only thing I do differently is adjust the time frame for closing.

You might add some type of verbiage that says you will close in ____ days once the court/ or probate attorney says it's OK to close. That way you are not out of contract if the court comes back and says there will be a delay. Every now and then the executor thinks everything is done and in reality, it is not. You may have to wait 1-2 months or even more to get everything in order.

The bottom line is that this is a legal matter where an attorney needs to take care of things. You don't need to do anything differently than you do for another type of deal.

Sharon

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