When you can quickly buy a house in probate, you are truly helping motivated executors whose job is to divide up the estate and pay the debtors & heirs their share as quickly as possible.
When a property goes into probate, the first person you will want to contact is the executor. This is the person who has been assigned by the court and is tasked with the job of ensuring that the heirs of the estate receives whatever the decedent wished, or in those cases where there was no will, taking estate-related properties, converting them into cash, and then distributing the cash to heirs of the estate.
Armed with our data, you can reach executors precisely at the time when they need to make a decision as to what to do with these properties.
There are a host of reasons why the executor is motivated to sell:
- There are taxes and other estate-related expenses that need to be paid, such as ongoing mortgage payments, utility bills and just about every other expense that is typical with an ongoing household.
- The heirs must pay the mortgage out of their personal finances, and this creates an urgency to sell the property as soon as possible.
- Heirs may live too far away from the property to play landlord or travel on a regular basis to maintain the property. They do not want to pay for repairs or upgrades or play landlord. Better to cash out and move on.
- The executor may get in the middle of heir in-fighting where heirs have disagreements as to their equitable share. This normally brings out the worst of people, and the executor has an increased need to sell the property to end the fighting.
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