All Forum Posts by: Mark Pedroza

There is slight misinformation here; Not all Trustee Sales are Foreclosures, while in most states, all (or a significant enough portion of) foreclosures are Trustee Sales (although not necessarily, sometimes you can initiate a sale of a foreclosed property outside of the commissioner of accounts/trustee process). There are other avenues to have the Commissioner of Accounts or some other court appointed Trustee initiate a sale, among them being;

A) Partition Suits

B) Probate cases

C) Bankruptcy Cases

Etc.

Disclaimer: Nothing above is even remotely legal advice. Just basic, educational material.

To my knowledge, in CA, the court never appoints a trustee to initiate a probate sale/cases.

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@Anthony Zeolla Obituaries are not probates. You can call realtors if they have probate "listings" but where's the discount? For a list of probate properties, log-on to;

https://www.legaladstore.com/frmMain.cfm

This website is only for probate properties in CA. "Notice of Petition to Administer Estate of" is the heading...

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@Shanequa J.I only send letter's where the administrator is "In Pro Per" No attorney involved. Time line where the estate sells the property thru "in Pro Per" can take a long time to complete..

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Study the probate laws in TX. CA probate law I believe is not the same..

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Originally posted by @Linda Cheng:

Hi Kyle Mitchell, I'm looking for my first deal just north of you-- In West LA and the San Fernando Valley. I've found that there is much fierce competition for anything that even resembles a possible flip project! Imagine my surprise last weekend when I went to a probate auction where around 100 people showed up and bid the price of a dilapidated 900 Sq foot shack up to almost $600,000!

BTW, can anyone recommend a good wholesaler in the Los Angeles, area??

Probate sale under Limited Authority.

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Originally posted by @MICHAEL YBARRA:

Originally posted by @Rick H.:

Of course, the decedent did not file the probate.

FYI, we work many cases each year that are "pre-probate" in that the record owner us deceased but no probate action has been filed (yet).

When I was actively marketing to PR's we wanted to keep about 1,000 - 5,000 active records in our system and mailed a sequence of pieces over a period up to 18 months.

You can really work with as few as 50-250 records IMHO if your marketing is effective. Since I work all 58 counties and have done this for decades, I no longer market offline direct to principals (PR's) or heirs + Bene's.

After building a respectable size list, I suggest you segment your list further and identify additional problems that can be pulled from public records.

My role now is working the complicated probate puzzle case files that others (esoecially attorneys) don't figure out. I leave the simple files for the house buy/sell crowd.

Rick - great advise!! man - you hit it right on the head -

BTW - what is "Pre-Probate" is this obituary leads???

Michael Rae

"obituary" leads are not probates - court cases are probates..

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Re-send your letters every 30-45 days and follow up with a phone call if possible. Door knock decedent's neighbor's and ask questions. People love to talk/gossip about one another...

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@Jeanine P. Good to know some else knows about "Final Distribution" (full authority based on (IAEA) to close out the probate process

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All Forum Posts by: Mark Pedroza

Mark Pedroza has started 4 posts and replied 1534 times.

Post: Shon From Georgia

Post: Looking to Connect with Other BPers in Sacramento

Post: When does a Trustee Sale Become a Foreclosure?

Post: Probate in CT

Post: Probate Home -- Real Life Practice

Post: probate and foreclosures

Post: SoCal Flipping

Post: Probate leads

Post: Sending yellow letters/probate

Post: Unopened Succession Pre-Forclosure - Seeking Help!