Wholesale Open vs Closed Probate Cases Help

[Robert Parker]

Hello everyone,

I would really appreciate any help in regard to open vs closed probate. I'm here in Houston, TX and I gathered about 30 or so viable contacts. But I notice the probate cases were closed. These cases I'm looking at are from late 2012. The more recent ones are open.

1) What is the difference between open and closed probate cases in regard to wholesaling?

2) Can I close a deal with a property in an open probate case or

3) Do they have to close the case before I can work with them?

4) Am I looking too far back in time for probate leads?

Thanks in advance for any help! 

[Joseph Ball]

I believe Open Probate means creditors can still come forward. The court has not closed the estate. I believe Closed Probate means the court is satisfied that all creditors have come forward, and the estate has settled.

Often, the Personal Representative has authority to dispose of property-usually with court permission. Often, the proceeds must be paid into the court, to satisfy any potential claims on the estate, when probate closes.