House in Probate - Posted by Shenesa

Posted by chris on September 15, 2000 at 13:45:31:

Hi Shenesa-

Here is a good primer on probate and what it is:

-Good Luck,Chris

House in Probate - Posted by Shenesa

Posted by Shenesa on September 14, 2000 at 08:11:08:

Can someone please explain to me what a house is probate means. I have a meeting with a woman Sat to see a house her aunt left her a year ago. She doesn’t know what to sell it for. It is in an area where the houses can go from 40-60k but this house is a 2br 1ba which is sometime difficult to sell quick. She says the house is in very good condition and the area is decent(college students).

What I would like to do is present a L/O offer to her with a balloon pmt in a few years. Or offer her 38k and flip it to another investor or sell it retail.

Your thoughts.