Probate Best Lead Source

[Chris Bruce]

Well once again another probate deal closed. What I can say, I love these deals. There's no seller resistance 9 times out of 10 and I get these properties 30-40 cents on the dollar.

If your wholesaling this is def a method you need to implement in your business. Let the other investors go after short sales and REO's.

[Sharon Vornholt]

I would guess that differs depending on where you live. Look in the phone book under circuit courts and you will find a number for probate court. Give them a call and just ask them if the information is published in the newspaper. If not, ask them what their procedure is for getting the names.

Recently when I had a question, I did just that. I called them up. The lady that I spoke with said that they provide that information in printed form because of outstanding debts that the deceased might have. It gives all the creditors a chance to collect the debts owed. She told me that it costs them $20,000-$30,000 per month to print the info in the newspaper, but they are legally required to provide the information to the public. In small towns, you may still actually have to pick up a list at the courthouse.

In my city, the information always comes out on a Friday, on or before the 15th of the month. I can look at the calendar and see exactly what the date will be for each month. For instance, the 15th is actually on Friday this month. (These will be the names for the previous month). Last month the 15th was on a Wednesday so the names came out on Friday the 10th.

I hope this helps.