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 ] conservatorship sale - help! Posted by Sara on October 29, 2003 at 9:27 AM I have so many questions. My husband and I are first time home buyers. We saw a house we absolutely love that is a probate/conservatorship sale. What's the difference betweenthe two. Do we have to wait until court opens or can we make offers before? If so, how? How do we find out if there are any liens on the property? How do we know if it's valued correctly? How do we know how much to offer? Do we need a probate attorney or can we handle with our realtor & mortgage broker? The offer says no contingencies - can we require an inspection or are we supposed to do this before we make an offer? How does bid process work - do we really need cashiers check? What if we get overbid right away, when do we get chance to counter and do we have to get new cashiers check? Am confused on how this works. Any other input that would help us get an edge up? We're looking to buy the property as primary residence and not to develop and turn over - will that appeal to the conservatorship and how can we communicate this? Do they always just go with highest bid? Any probate attorney in SF you can recommend? Follow Ups: Re: conservatorship sale - help! Rick Harmon 9:46 AM, 10/29/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have so many questions. My husband and I are first time home buyers. We saw a house we absolutely love that is a probate/conservatorship sale. What's the difference betweenthe two. Do we have to wait until court opens or can we make offers before? If so, how? How do we find out if there are any liens on the property? How do we know if it's valued correctly? How do we know how much to offer? Do we need a probate attorney or can we handle with our realtor & mortgage broker? The offer says no contingencies - can we require an inspection or are we supposed to do this before we make an offer? How does bid process work - do we really need cashiers check? What if we get overbid right away, when do we get chance to counter and do we have to get new cashiers check? Am confused on how this works. Any other input that would help us get an edge up? We're looking to buy the property as primary residence and not to develop and turn over - will that appeal to the conservatorship and how can we communicate this? Do they always just go with highest bid? Any probate attorney in SF you can recommend? 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. Read our privacy policy.

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