Finding unexpected liens in probate

[Bee Canyon]

Hi All, 

When having a probate deal (or any deal) under contract in a wholesaling transaction, what happens when the title company finds an unexpected lien or 2nd or taxes, etc on the house? Who pays the liens or taxes? I mentioned probate because many times the PR probably won't know all the financials on the house. Thanks!

[David Dachtera]

Originally posted by @Bee Canyon:

Hi All, 

When having a probate deal (or any deal) under contract in a wholesaling transaction, what happens when the title company finds an unexpected lien or 2nd or taxes, etc on the house? Who pays the liens or taxes? I mentioned probate because many times the PR probably won't know all the financials on the house. Thanks!

Just because a property goes into probate does NOT mean it's free of liens.

Your purchase offer would need to cover the liens plus any cash out the heirs or executor want from the sale.

Probate is merely a source of potential motivated sellers. Otherwise, it's a transaction like any other.

David J Dachtera

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