| Try Probate Real Estate Instead Of | | | | could get, just a reasonable deal that could |
| Foreclosures | | | | be completed quickly and easily. |
| | | | |
| Trying to turn a profit working in | | | | When a loved one passes away, along with the |
| foreclosures is not easy. It seems like | | | | property one inherits a very large project |
| everybody and their brother is in the | | | | which most people don't need and don't want |
| foreclosure business. In many areas, it is | | | | to deal with. If you can offer a quick and |
| hard to get a piece of that market, even if | | | | simple solution, they view you as the answer |
| you are interested. | | | | to their problem. |
| | | | |
| Foreclosures Are For Vultures, Probate Is For | | | | In addition, oftentimes there are several |
| Heroes | | | | siblings who inherit the property jointly and |
| | | | live in different parts of the country. |
| When you work with foreclosures you are often | | | | Disposing of a property that is far away from |
| dealing with people that do not really want | | | | where they live is very difficult. In most |
| to sell to you. They are usually desperate, | | | | cases, they don't want the property and they |
| have to sell, and are rarely happy about the | | | | don't want to figure out how to buy each |
| situation. They are often losing the roof | | | | other out,they just want to split the money |
| over their heads and some people can get | | | | from the sale of the property. This is |
| really nasty during the transaction. In | | | | especially true if there are other bills to |
| probate, it is very different as many people | | | | pay associated with the estate of the |
| want to sell to you and the house in question | | | | deceased. |
| is often not the seller's primary residence. | | | | |
| You are dealing with people who are motivated | | | | Property Tax, Another Reason Heirs Might Want |
| to sell, not highly stressed people. It makes | | | | To Sell |
| a hugedifference. | | | | |
| | | | Many people over 65 years old defer their |
| Many Heirs Are Happy To Sell To You | | | | property tax liability through a senior |
| | | | deferral. Once they pass away, these deferred |
| A friends' mother passed away in the mid-90s | | | | taxes become due. If children inherit the |
| and he inherited a house about five hours | | | | property and have to deal with the issues of |
| away. While talking to him one day on one of | | | | the estate,they also inherit this tax |
| his numerous trips back and forth to deal | | | | liability. Many people in this situation need |
| with the property, he said that if someone | | | | to turn the property into cash as soon as |
| would offer him areasonable price for the | | | | possible so that they may pay these taxes and |
| house, he would gladly take it. He said it | | | | other costs associated with the estate. |
| didn't even have to be the best price he | | | | |