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 ] problem with title II Posted by will on April 03, 2004 at 10:24 PM Hi Ward, I saw your msg about a foreclosure house with an owner who's been dead for 9months from the msg archive. I guess my current potential seller falls into your first category of no probate open, but the decedent owner left a will. Assuming the will is valid(btw, how do you determine that?), how would you stop the TS if the heir(decedent's wife) is not on the loan? Can you stop the TS by emergency petition? She's only got 3 days until the TS date. The property is in California. Thank you. YOUR MSG: As with any situation involving the courts, it's always helpful to know what State your matter is in because laws do vary. Accordingly, I'll speak from my experience with California probates. I've outlined below all I know you can do to obtain probate property. There are many pitfalls and you can take a whole separate course on the topic (my friend Jim Banks gives a 3 day bootcamp for about $6,000; but even he doesn't know how about some of my "probate acquisition secrets" below). To start, Go to the local probate court (Superior Court here). Use this tactical plansheet as a checklist, if you want. You have much work ahead in a short time but the equity/profit potential sounds high. I) If No probate open- A. If decedent left a Will, determine if valid and buy from heir(s) Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward, : I saw your msg about a foreclosure house with an owner who's been dead for 9months from the msg archive. : I guess my current potential seller falls into your first : category of no probate open, but the decedent owner left a : will. : Assuming the will is valid(btw, how do you determine that?), : how would you stop the TS if the heir(decedent's wife) is not : on the loan? Can you stop the TS by emergency petition? She's : only got 3 days until the TS date. : The property is in California. Thank you. : : YOUR MSG: : As with any situation involving the courts, it's always helpful to know what State your matter is in because laws do vary. Accordingly, I'll speak from my experience with California probates. : I've outlined below all I know you can do to obtain probate property. There are many pitfalls and you can take a whole separate course on the topic (my friend Jim Banks gives a 3 day bootcamp for about $6,000; but even he doesn't know how about some of my "probate acquisition secrets" below). : To start, Go to the local probate court (Superior Court here). Use this tactical plansheet as a checklist, if you want. You have much work ahead in a short time but the equity/profit potential sounds high. : I) If No probate open- : A. If decedent left a Will, determine if valid and buy from heir(s) 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 © 1997-2004, 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