Probate Real Estate Investing: Insider-Secret Real Estate Investment Strategy
var _sf_startpt=(new Date()).getTime()
var base_url = ?http://www.articlesbase.com/?;var base_images_url = ?http://images.articlesbase.com/?;var loading_icon = ?http://images.articlesbase.com/point-loader.gif?;var loading_wide = ?http://images.articlesbase.com/loadingAnimation.gif?;var loading_large = ?http://images.articlesbase.com/ajax-loader-2.gif?;var loading_arrows = ?http://images.articlesbase.com/loading_arrows.gif?;var loading_dots = ?http://images.articlesbase.com/dots-horizontal.gif?;var captcha_url = ?/trigger/captcha/?;
var str_qa_type_your_question = escape(?Ask our experts your Real Estate related questions here??); var int_question_title_max_length = 200;
GS_googleAddAdSenseService(?ca-pub-5157679868954075?);
GS_googleEnableAllServices();
GA_googleAddAttr(?Category?, ?Finance?);
GA_googleAddSlot(?ca-pub-5157679868954075?, ?Article_Bottom?);
GA_googleAddSlot(?ca-pub-5157679868954075?, ?Article_Left2?);
GA_googleFetchAds();
function fbLogin(backlink){
if (backlink == null || backlink == ?){
backlink = ?;
} else {
backlink = ?&backlink=?+encodeURIComponent(backlink);
}
FB.init({appId: ?d4f0261b49c9a6e9ef675169020100ae?, status: true, cookie: true, xfbml: true});
FB.login(function(response){
if (response.session){
if (response.perms){
// user is logged in and granted some permissions. perms is a comma separated list of granted permissions
window.location = ?/auth/connect?status=success?+backlink;
} else {
window.location = ?/auth/connect?status=permissions_error?+backlink; // user is logged in, but did not grant any permissions
}
} else {
window.location = ?/auth/connect?status=not_logged?+backlink; // user is not logged in in facebook
}
}, {perms:?email,publish_stream,offline_access?});
}
function fbInit(){
FB.init({appId: ?d4f0261b49c9a6e9ef675169020100ae?, status: true, cookie: true, xfbml: true});
}
var _gaq = _gaq || [];
_gaq.push(['_setAccount', 'UA-318473-1']);
_gaq.push(['_setCustomVar', 2, 'Category', 'Finance', 3],
['_setCustomVar', 3, 'SubCategory', 'Real Estate', 3],
['_setCustomVar', 4, 'PenNameId', 52496, 3],
['_setCustomVar', 5, 'PublishDate', '2011-07', 3],
['_trackPageview']);
_gaq.push(['_trackPageLoadTime']);
(function() {
var ga = document.createElement(?script?); ga.type = ?text/javascript?; ga.async = true;
ga.src = (?https:? == document.location.protocol ? ?https://ssl? : ?http://www?) + ?.google-analytics.com/ga.js?;
var s = document.getElementsByTagName(?script?)[0]; s.parentNode.insertBefore(ga, s);
})();
Free Online Articles Directory
Why Submit Articles?
Top Authors
Top Articles
FAQ
ABAnswers
Publish Article
function show_login_box() {
// move banner patch
if($(?.static_pg_right_col?).length > 0 && $.browser.msie ) {
var ie_version = parseInt($.browser.version);
if(ie_version
Login
Login via
Register
Hello
My Home
Sign Out
if($.cookie(?screen_name?)) {
$(?#logged_in_true li span?).html($.cookie(?screen_name?).replace(/+/g,? ?));
$(?#logged_in_true?).css(?display?, ?block?);
$(?#top-authors-tab?).css(?display?, ?none?);
} else {
$(?#logged_in_false?).css(?display?, ?block?);
}
Password
Remember me?
Lost Password?
Home Page > Finance > Real Estate > Probate Real Estate Investing: Insider-Secret Real Estate Investment Strategy
Probate Real Estate Investing: Insider-Secret Real Estate Investment Strategy
Posted: Jul 07, 2011 |Comments: 0
|
var addthis_config = { ?data_track_clickback?:true, ui_language: ?en? }
if($.cookie(?show_edit?) == ?yes?) {
$(?div.moderate_box_open?).css(?display?, ?block?);
}
google_ad_channel = AB_cat_channel + AB_unit_channel;
google_language = ?en?;
Probate real estate investing is a special niche not many investors know about. This investment strategy involves buying real estate held in probate. Probate is the legal process used to distribute estate assets of a person who has died. In the best cases, probate takes about six months to settle. If complex issues or family disputes surround the estate, probate can drag on for years.
Probate real estate investing can provide a solution to heirs needing to sell real estate before probate settles. There can be many reasons heirs need to liquidate real estate holdings. One of the most common is the estate has insufficient funds to maintain the property.
Throughout the probate process the estate is responsible for property related expenses. If the decedent held a mortgage, the estate must continue making mortgage payments in order to avoid foreclosure. Additional expenses include homeowner?s insurance, property taxes, utilities and homeowner?s association dues.
Oftentimes, heirs reside out of town and cannot manage property upkeep. The estate will have to hire outside help to handle general maintenance such as lawn and pool care. If the estate cannot afford the care, the house could quickly become an eyesore and lose value.
The majority of heirs do not know they can sell real estate holdings during the probate process. Some states require court confirmation prior to selling probate property. Experts recommend working with an attorney when buying or selling real estate suspended in probate.
There are no special requirements for probate real estate investing. However, it is important to conduct research and understand the judicial process before diving in. Probate properties may not be the best option for a first-time real estate deal.
The first step of probate real estate investing involves making a trip to the local courthouse where probate cases are handled. Probated estates are a matter of public record and can be viewed by anyone.
Most of the required information can be found in the decedent?s last will and testament. The Will includes contact information for the estate administrator, along with the decedent?s wishes for distribution of assets and personal belongings.
Information regarding real estate is also contained within the Will. Conduct a search of deed records on the property. Records of Deed document land ownership and transactions. Every time real estate is transferred or sold, a new deed is recorded. Records of Deed disclose if the property has a mortgage note. If so, the estate may need to sell the property quickly.
The estate administrator is authorized to make decisions on behalf of the estate. However, if multiple heirs are entitled to the property they must all be in agreement before the sale can commence. If court confirmation is required, the sale might be postponed by 30 days or longer.
By carefully searching through information provided in Wills and probate documents, investors can develop a list of potential candidates. Initial contact will be made with the estate administrator. This can be done by phone, mail or in-person.
For obvious reasons, it is important to be respectful and offer your sincere condolences. Offering to purchase their real estate holdings could provide a solution they did not know existed.
This is a simplified overview of probate real estate investing. This niche offers endless possibilities and currently, is a technique few investors are using. Take time to become educated about investing in probate properties and learn the ropes. Doing so could pay off with handsome profits.
-
About the Author:
Simon Volkov is a California real estate investor who specializes in helping individuals with probate real estate investing. His website is packed with articles about probate, advance inheritance, money management, investment strategies and more. Learn how to buy and sell probate real estate by visiting www.SimonVolkov.com today!
Article Source
hogweed hogweed mta space shuttle launch csu gonorrhea vera bradley
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.