Congratulations on wanting to find a solution for your loved ones property.
We are always happy to engage and help you figure out the best solutions for your needs. We have a range of options to suit every situation.
If your loved ones home is at risk of foreclosure, don’t panic, take action!
What is Probate ?
Probate is a court-supervised process to authenticate the value of a deceased person’s assets and determine how to distribute their property. This procedure also establishes if the person had any debts and if so, how they are supposed to be settled.
Probate determines the executor of the deceased’s estate, whether the person had written a will or not. The process is normally easier when there is a will that includes the name of the appointed executor; however, probate is still required to verify if there are any challenges to it.
A petition will need to be filed at the probate court in the state where the deceased person lived or owned assets.
If a loved one passes on while their property is in foreclosure, swift legal action is required to deal with the situation. Probate may take a couple months so you need to ensure that all issues are resolved before the property is put up for auction.
Severe Results of Inaction when your loved ones property is facing foreclosure.
In case your loved ones home is facing an imminent foreclosure don’t just sit back and let the situation get worse. Always try and actively seek a solution however serious your situation may seem. If you fail to take appropriate action these are some of the unfortunate outcomes:
Fortunately, there is hope but it will all depend on your circumstances. Here are some options to choose from when facing foreclosure:
How to Get Started
You could opt to find a probate attorney to offer legal supervision throughout the process. When you are handling probate procedures directly you will have first-hand details of every step as the process moves along. Once the probate is complete, the heir can either settle the outstanding debt or sell the property in at an auction.
Bottomline
Probate can be a hectic process and if you do not understand the procedures it can be considerably more complex and time consuming. Seeking the services of our experienced vendors will guide you through the entire process and help you avoid undue stress.
Here are some of the cons when to taking this on yourself.
Financial Investment- You will have to pay for the probate attorney out of your pocket, which can cost thousands.
Expertise Required–If you do not have the experience and proficiency to handle probate procedures you’ll find it difficult to navigate through all the intricate processes. Learning by trial and error can be very costly in the long run.
Inconvenience–Probate is a time consuming process and without any expert help the tasks can be draining and time-consuming
Complex Paperwork – Probate is typically a very bureaucratic process that involves filling of complicated legal forms and other administrative correspondence.The ‘red-tape’ can be overwhelming for most people.
Possible Disputes–Handling probate without the requisite professional knowledge could lead to disputes between beneficiaries or other involved parties. This could end up prolonging the process and racking up massive legal fees.
Slow Resolution – If you plan to administer probate proceedings without any professional vendor assistance you are bound to slow down the process due to inefficient practices. This will lead to a long, drawn-out experience.
Personal Liability– As an inexperienced administrator you are prone to legal errors that you’ll have to take personal liability for.
Clearing out property – If you don’t have any vendor assistance you will have to deal with the hassle of emptying the property and making it presentable before it is put up for sale.
Property sale negotiations–Without experience in real estate deals it will be an uphill task to find a buyer for your property after the probate proceedings are finalized, especially when the property is in bad condition.
If you’re the beneficiary of a property that’s in foreclosure and you are unable to find a credible or affordable attorney, we can refer you to qualified vendors who can help salvage the situation. The vendors will pay all the legal fees, handle the administrative requirements and ultimately pay cash for the property.
Here are some of the benefits of transacting with our vendors
No upfront fees – You won’t have to worry about advance payments throughout the process.
Expert Knowledge – The vendors have the experience and expertise in handling probate procedures and can guide you through all the intricate processes.
Convenience–Probate is a time consuming process and if you want to save time and effort it is prudent to hire experts who can handle most of the tasks on your behalf.
Handling Paperwork – The vendor will take care of all the exhausting bureaucratic procedures that characterize probate and foreclosure dealings such as the filling of complex legal forms and other administrative correspondence. Getting a vendor with expertise in official procedures is a benefit worth considering.
Avoid additional fees – The vendors will pay any additional costs such as bank fees & interest, government & local code violation fees.
Clearing out property – You don’t have to worry about emptying the property before it is sold. You can simply remove the valuable items and leave the rest. The vendor will handle all the remaining household items accordingly.
Sell ‘As Is’ – most vendors have flexible terms and are open to buying properties in their current state which means you don’t have to worry about the cost of pre-sale renovations.
Credible transactions – You’ll be guaranteed a solid offer from a certified financially sound investor.
Most viable cash option – The vendors we partner with also have years of experience in real estate deals and ultimately pay cash for the property. You can sell the property in a relatively short time and have cash-in-hand to move on after the loss of a loved one.
Bottomline
Probate can be a hectic process and if you do not understand the procedures it can be considerably more complex and time consuming. Seeking the services of our experienced vendors will guide you through the entire process and help you avoid undue stress.
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Book a Free 15 min Solutions Consultation or contact us by 386-663-1360 / info@jadecrew.net
We Help you find resolution to complex real property Concern – Sean Allen