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Updated over 6 years ago on . Most recent reply

User Stats

26
Posts
6
Votes
Scott Hinkle
  • Wholesaler
  • burton
6
Votes |
26
Posts

Need help on a wholesale deal involving probate!

Scott Hinkle
  • Wholesaler
  • burton
Posted

Hi everyone,

I have a potential wholesale deal that involves probate in which I have never been involved with. The property I am pursuing is owned by the seller but there is a additional lot with a garage that is owned by the sellers deceased parents.
The seller told me that the lot is in probate?

The seller has accepted my offer but insists that the lot must go with the purchase. She told me that she contacted the attorney and that they would be sending us papers to sign. Im questioning what these papers might be because as a wholesaler I am not comfortable putting myself in a position where as if I had to back out of my purchase contract I could be locked in with this probate situation. The only paperwork that I am accustom to signing are my PC and assignment contracts. I hope that the way Im explaining this makes sense?

Any input or guidance would be most generous to me

Scott

Most Popular Reply

User Stats

26
Posts
6
Votes
Scott Hinkle
  • Wholesaler
  • burton
6
Votes |
26
Posts
Scott Hinkle
  • Wholesaler
  • burton
Replied

Thanks Jerry, I appreciate all of your valuable information and will apply it as I continue moving forward with this deal.

Scott

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