What is a probate sale | What happens at a probate court hearing

And if the the winning bidder cannot close escrow within 30 days the winning bidder loses their 10% deposit. OUCH!

Hi! Regarding the listing starting price, is that based on the seller doing an appraisal or is it based on other means?

Can a administrator purchase the home.

Probate sales and foreclosures are similar? Probate sale is a choice of the family's and foreclosures are when the bank sells a property on the court steps, with minimum bids being the outstanding mortgage plus all the fees that will added as the bank sees the equity will cover. Except I have to just put this out there, if you have a loved one who passed away with a low interest like my fathers 3.5% rate 30 year fixed, please be advised after a certain amount of years , the banks no longer make money off these mortgages, because they pay themselves upfront, look at the principle being paid and the interest, when u can see the mortgage balance seems less and less. The truth is its ok too keep paying the current mortgage payments till the home is paid off. However if you are made to believe no one at these large corporate bsnks wells Fargo the non loyalty mortgage company. They will turn u away every time u make an appointment or not , at least in nor nev. Then let go of there own employees in there corporate offices that handle deceased accounts and mortgage services. Until they refused too pay themselves monthly and sell your property before you have ever been given the opportunity too speak with a grown up, other then tellers who not there department. No bankers . For over a year. Be on hold starring at the one banker who now just has too sit on hold over 2 hours, but nope can not start that process until u sitting in front of these people. Then still sell your father's mortgage because they already paid themselves, and they don't care 30 year great customer all accounts in their corporate hands, aka investor's in whales not the middle hard working class. Who are the baby boomers and must not like senior citizen's who didn't get some loan they couldn't qualify for , and it sure feels like 2008 Except we didn't do anything wrong. But the only legal next of kin, out over 150k because of banking and locally policies too protect corporations, not us. Sell your familys life work way below current market value and its a sporting event of u don't exist , too much equity too miss out on the court house steps auction. This is what happens when you have a loved one pass away at home instead of a hospital where the proper administration can make sure the family and loved ones have the state and county information and explain options and learn a word , no child has ever made aware before, called probate. People there are equity Wolves out there, especially if a only child and or a single female. Ok just female. I think this is a great way too make a career choice, until this happens to you. Except u will be prepared. Wish I had. 😢

I'm interested to hear if you've ever dealt with probate courts, either personally or professionally, What was your experience like? Comment below.