All Forum Posts by: Dave Metsker

It all depends on the motivation of the homeowner.  The realtor may be just looking over the paperwork (good), or he may try to force a retail offer (bad).  Keep us informed, if you need help.

@Mike McFadden 

I use [email protected].  They are the least expensive that I have found.

@Account Closed 

If you are new to probate investing, I would stick to the mid-level or  lower end of the price range in your area.  A good guide is the blue collar area.  Avoid high crime areas.

@Robert Laird 

Welcome to Portland area Bigger Pockets network. You covered most of the sources that we use. I would add MLS expired listings, code violations, evictions and obituary listings in the Oregonian newspaper as additional sources. Become part of the NorthwestREIA.com group, if you are not yet a member.

@Uyenchi Ho 

 Correction, that is the old URL.  The new one to ask for is www.myfirstam.com.  Tell them you plan to buy some properties, and will be happy to have them do the title insurance  work.

@Uyenchi Ho 

Contact your title company, and request a free property data base account, where you can look up properties, obtain ownership and tax values, and in the better programs, comps and trust deed information.  I use First American Title Company's www.myfirstagent.com, and have been very pleased with the result.

It is simple.  If the probate has not yet deeded the property to you, get that done now.  Write a change of address on the monthly payment coupon, showing your address as the new address.  Start/continue making the regular payments on time.  This is called "taking a mortgage subject to".  I did this nine years ago for a deceased family member, and the lender has never refused a payment.  Have the hazard insurance add you as an additional loss payee on the policy.

It is work, but you can compare the obituarty columns in the major newsparer(s) with the tax assessor records, to form your own "probate lists".  I obtain this list done for me by a list broker, for US properties, sorted by property zip code.

Rick again hits a home run.  I love probate problems.  Often, even the attorneys do not have the solution.  The bigger the problem, the bigger the profit.