Probate Real Estate Investing

The first step to searching for probate real estate property is to check the obituary section of local newspapers in the place where you want to make your real estate investment.

After that, you must check where the courthouse is since you will be making your research here. Once you have located the courthouse, you can then pay it a visit so that you can check the probate court records which are open to the public.

This step is essential as it can help you find out about the probate real estate property or properties owned by the person who just passed away.

Once you have accessed the probate court records, check if the property deed in question is in mortgage or not at the time of the owner’s passing.

If the property is in mortgage then there is a high chance that the heirs are interested in putting up the property for sale in order to resolve money matters and concerns.

While still in the courthouse, the next thing you have to find out is who the executor of the estate is. This person will be the one to deal with in case the property is up for sale. This information is normally included in the probate court records so acquiring it would not be difficult.

Once you have gotten all the needed information from the courthouse, your next task is to drive by the probate real estate property of interest.

This should be done before you directly approach the executor. A quick drive can help you determine whether you want to pursue your interest in the property. Delaying direct contact with the executor is advisable since the family is still dealing with the loss of their loved one. A more detailed inspection can wait after you have spoken to the executor at a later time.

It is quite common that the beneficiaries, the inheritors and even the executor are not aware that the probate real estate property can be sold while the probate process is still in the works. You can inform the executor that selling off the property is entirely legal.

You can further explain that many do this in order to aid estates in dealing with financial issues brought about by mortgage payments, taxes and even utility bills on the probate real estate property. While discussing this information, though, you have to remember that your manner must be respectful because the executor of the estate is usually a close relative of the deceased.

I’ll share more with you soon…

Warm Regards,

Mark Walters~
3rd generation real estate investor

If you are looking for a probate real estate property, then you can start by first looking at obituary sections in local newspapers. Of course, this should be in the locality of the probate real estate’s area. In that same area, you will have to know where the courthouse is located as you will be doing some research here if you want to make your investment.

You can then visit the courthouse and check the records of the probate court to check the specifics of the property owned by the person who just died. These are public records so getting the needed information would not be difficult or illegal.

The next thing that you have to determine is whether the specific probate real estate property in question is in mortgage or not.

If the property is in mortgage at the time the owner passed away, then there is a possibility that the estate is interested in selling in order to meet pressing financial concerns.

While you are in the courthouse, the next thing you have to find out is who the probate real estate property executor is. This is important as this person is the one who knows if the property can be sold or not. This information can be easily acquired as it is also part of the probate court records.

Before you make contact with the probate real estate property executor, the next thing to do is to take a quick look at the property in question.

This, however, has to be done discreetly, as the family of the deceased is still dealing with a recent death. This quick survey can be done through a quick drive to survey the property.

A detailed survey of the place at this time is not advisable since the family can still be in a period of grief. With a quick drive, you can decide if the property is worth pursuing for purchase. A detailed examination of the real estate probate property can be done after you have spoken to the executor.

At most times, the inheritor, beneficiaries and the executor of the estate are not knowledgeable that they can actually put up the probate real estate property for sale while the probate process is still unfinished.

You can be the one to inform the executor that selling is totally legitimate in order to aid the estates with financial difficulties. You have to keep in mind, however, that giving out this information and talking with the executor must be done in a mindful and respectful manner because, in most cases, the executor is usually a close family member of the deceased.

I’ll share more with you soon…

Warm Regards,

Mark Walters~
3rd generation real estate investor

When you search for probate real estate property you can begin by checking the obituary section of the newspaper in the area where you want to make your investment.

Determine where the courthouse is located in the deceased’s locale. Visit the courthouse and check probate court record (they are a matter of public record) to determine what probate real estate property may have been owned by the deceased.

Next, you will want to search through the record of deeds to determine if there was a mortgage on the probate real estate property when the deceased passed away. If there was a mortgage on the probate real estate property, the estate might be interested in selling the property to resolve pressing financial issues.

At the same courthouse, you should be able to determine the person or persons who are acting as the executor’s of the estate and are, therefore, responsible for determining if any of the probate real estate property will be sold. This information is usually part of the probate court records.

Next, you might want to take a drive by the probate real estate property to determine if you have an interest in purchasing it, before you attempt to establish contact with the executor. Remember that you are dealing with a recent death here.

This is not the time for you to do a detailed survey of the probate real estate property. A quick drive by the site should help you determine if you wish to proceed further in any attempt to purchase the probate real estate property. You can do a more detailed inspection after talking to the executor.

Often times, heirs, beneficiaries, and executors are not even aware that they can sell probate real estate property while the probate process is ongoing. You will want to inform the executor that this a totally legitimate process to aid estates whose funds are being drained by mortgage payments, utility and service bills on probate real estate property.

Always remember to be respectful when discussing the possible purchase of the probate real estate property and mindful that the executor is probably the spouse or close family member of the deceased.

I’ll share more with you soon…

Warm Regards,

Mark Walters~
3rd generation real estate investor