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