Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

28
Posts
0
Votes
Carlos Pena
  • Specialist
  • Indianapolis, IN
0
Votes |
28
Posts

How long can probate

Carlos Pena
  • Specialist
  • Indianapolis, IN
Posted
How long or how soon am i able to put house under contract if it hasn’t been through probate? if it HAS been through probate , then the process should be just as simple if it were a regular HOME OWNER ??

Most Popular Reply

User Stats

3,414
Posts
4,014
Votes
Charlie MacPherson
  • China, ME
4,014
Votes |
3,414
Posts
Charlie MacPherson
  • China, ME
Replied

@Carlos Pena  If the home has net been probated yet, you don't know who the eventual owner would be.  That's the purpose of probate.

You could put it under contract pending the court issuing the license to sell, but you would be guessing at the outcome of probate.  

If you guessed right and put it under contract with the right person, you might beat the crowd of investors and Realtors who market to probates.  If you guess wrong, you will have a contract with someone who doesn't own it.

If you go that route, be sure that your contract has language to protect you and that deposits are held in an escrow account.  You should use a real estate attorney for this.

Loading replies...