InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Profiting from probate deals.. Posted by gcastro on June 12, 2003 at 4:17 PM In Reply to: Profiting from probate deals.. posted by Ward-CA- on June 12, 2003 at 3:58 PM Ward, the deed from husband and wife was recorded. Also, Can the older dougter (instead of the father) do the same thing that you described below, since she is the most willing to do something with the house? Should I find out if the mother left a will?: : Gustavo, : Have the cooperative husband apply at Probate Court to be named as the Administrator : of the deceased’s estate. Get the husband to sign a notarized assignment of any and all of his prospective interest in the property for an agreed amount of money. Give him 10% of his payout upon signing the assignment and the rest of it when you get marketable title to the property. : Find a probate attorney to recommend to the husband for help in processing all the paperwork required by the probate court so the husband, as the Administrator, can sell you the house without having to have any open court approval and ratification. : Hope this helps. Follow Ups: Probate approach.. Ward-CA- 4:52 PM, 06/12/03 (1) Probate purchase Rick Harmon 5:35 PM, 06/12/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, the deed from husband and wife was recorded. Also, Can the older dougter (instead of the father) do the same thing that you described below, since she is the most willing to do something with the house? Should I find out if the mother left a will?: : : : Gustavo, : : Have the cooperative husband apply at Probate Court to be named as the Administrator : : of the deceased’s estate. Get the husband to sign a notarized assignment of any and all of his prospective interest in the property for an agreed amount of money. Give him 10% of his payout upon signing the assignment and the rest of it when you get marketable title to the property. : : Find a probate attorney to recommend to the husband for help in processing all the paperwork required by the probate court so the husband, as the Administrator, can sell you the house without having to have any open court approval and ratification. : : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455