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All Forum Posts by: Jeanine P.

Jeanine P. has started 1 posts and replied 124 times.

Post: Hello

Jeanine P.Posted
  • Investor
  • Sacramento, CA
  • Posts 161
  • Votes 29

Welcome to the site. Search around the site, you'll find a vast amount of information. Good luck !

Post: PROBATE

Jeanine P.Posted
  • Investor
  • Sacramento, CA
  • Posts 161
  • Votes 29
Originally posted by @Jeanine P.:

@Amanda

Make sure you check in to your state law. All probates do not require court confirmation or notice of sale. See section 10503 below per California Legislative Law. You can also visit the website to learn more information. In addition, if the will directs the sale of property or gives authority to the personal representative to sell the property, you do have file a notice of sale or court confirmation. Get the correct information before getting advise from this site.  I am not an attorney and not giving legal advise, but I am familiar with the law and have helped sellers file the correct paperwork for the estate.

10503.

Subject to the limitations and requirements of this part, when the personal representative exercises the authority to sell property of the estate under this part, the personal representative may sell the property either at public auction or private sale, and with or without notice, for such price, for cash or on credit, and upon such terms and conditions as the personal representative may determine, and the requirements applicable to court confirmation of sales of real property (including, but not limited to, publication of notice of sale, court approval of agents’ and brokers’ commissions, sale at not less than 90 percent of appraised value, and court examination into the necessity for the sale, advantage to the estate and benefit to interested persons, and efforts of the personal representative to obtain the highest and best price for the property reasonably attainable), and the requirements applicable to court confirmation of sales of personal property, do not apply to the sale.

(Enacted by Stats. 1990, Ch. 79.)

Post: PROBATE

Jeanine P.Posted
  • Investor
  • Sacramento, CA
  • Posts 161
  • Votes 29
Originally posted by @Jeanine P.:

Amanda,

Make sure you check in to your state law. All probates do not require court confirmation or notice of sale. See section 10503 below per California Legislative Law. You can also visit the website to learn more information. In addition, if the will directs the sale of property or gives authority to the personal representative to sell the property, you do not have to file a notice of sale or court confirmation. Get the correct information before getting advise from this site.  I am not an attorney and not giving legal advise, but I am familiar with the law and have helped sellers file the correct paperwork for the estate.

10503.

Subject to the limitations and requirements of this part, when the personal representative exercises the authority to sell property of the estate under this part, the personal representative may sell the property either at public auction or private sale, and with or without notice, for such price, for cash or on credit, and upon such terms and conditions as the personal representative may determine, and the requirements applicable to court confirmation of sales of real property (including, but not limited to, publication of notice of sale, court approval of agents’ and brokers’ commissions, sale at not less than 90 percent of appraised value, and court examination into the necessity for the sale, advantage to the estate and benefit to interested persons, and efforts of the personal representative to obtain the highest and best price for the property reasonably attainable), and the requirements applicable to court confirmation of sales of personal property, do not apply to the sale.

(Enacted by Stats. 1990, Ch. 79.)

Post: PROBATE

Jeanine P.Posted
  • Investor
  • Sacramento, CA
  • Posts 161
  • Votes 29

Amanda,

Make sure you check in to your state law. All probates do not require court confirmation or notice of sale. See section 10503 below per California Legislative Law. You can also visit the website to learn more information. In addition, if the will directs the sale of property or gives authority to the personal representative to sell the property, you do have file a notice of sale or court confirmation. Get the correct information before getting advise from this site.  I am not an attorney and not giving legal advise, but I am familiar with the law and have helped sellers file the correct paperwork for the estate.

10503.

Subject to the limitations and requirements of this part, when the personal representative exercises the authority to sell property of the estate under this part, the personal representative may sell the property either at public auction or private sale, and with or without notice, for such price, for cash or on credit, and upon such terms and conditions as the personal representative may determine, and the requirements applicable to court confirmation of sales of real property (including, but not limited to, publication of notice of sale, court approval of agents’ and brokers’ commissions, sale at not less than 90 percent of appraised value, and court examination into the necessity for the sale, advantage to the estate and benefit to interested persons, and efforts of the personal representative to obtain the highest and best price for the property reasonably attainable), and the requirements applicable to court confirmation of sales of personal property, do not apply to the sale.

(Enacted by Stats. 1990, Ch. 79.)

Post: Nebie from Nothern California

Jeanine P.Posted
  • Investor
  • Sacramento, CA
  • Posts 161
  • Votes 29

@Sean Becker

Welcome to the site. You will find a wealth of information here. I received your colleague request. Maybe we can do business in the future. Best of luck! 

@Joshua Dorkin

 Congrats! I've been on the site for years now. I try to chime in when possible. I have always loved the site. The sit is very active, informative, and real life connections. Keep up the good work!

Post: Finders fee

Jeanine P.Posted
  • Investor
  • Sacramento, CA
  • Posts 161
  • Votes 29

@Daniel Rubenstein It depends on the deal . I have wholesaled properties with a 20k assignment before. Each deal is different and depends on the spread in the deal.

Post: Just closed my First Wholesale deal. My story

Jeanine P.Posted
  • Investor
  • Sacramento, CA
  • Posts 161
  • Votes 29

Congrats, yes always remember to check title. We love probate deals although they can become tricky at times. Good luck on your next deal!

Post: PROBATE

Jeanine P.Posted
  • Investor
  • Sacramento, CA
  • Posts 161
  • Votes 29

@Amanda,

There is no court confirmation under the IAEA probate most often. The administrator or executor can sell the property once the "letters" are issued. The letters allow the title to be transferred. I have done many. I'm in Sacramento, CA. You can also pm me.

When you contract the property make sure it says

example: Mary Jones for the estate of Beth Jones" (as the seller")

Post: HELP!!!I have no buyers- I need some ASAP

Jeanine P.Posted
  • Investor
  • Sacramento, CA
  • Posts 161
  • Votes 29

You can google we buy houses for your city and state. You should come up with something.