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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
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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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