A property listing disclosure says probate, what is a probate sale like?
by admin ~ February 28th, 2010 . Filed under: Renting & Real Estate .
bell asked:
I saw a property listing with “probate” listed in the disclosures. I would guess it means the owner died, and its sold by the estate but can you tell me more?
I saw a property listing with “probate” listed in the disclosures. I would guess it means the owner died, and its sold by the estate but can you tell me more?
What is a probate sale like? is there anything I should know? do they go smoothly? Or is it something to be wary of (like a short sale)
Good links would be great too, I tried searching but brought up a lot of get “rich quick: scam type sites.
Thanks
Crista Laday
March 1st, 2010 at 2:47 am
The hearing date is generally set for confirmation hearing date of petition however occasionally longer time will petition however occasionally longer time will be removed but the contingencies have been removed.
March 2nd, 2010 at 6:18 pm
Probate and if the dead owes 200000 in all then every creditor would get less than what the owner died and the estate they must be probated to close as there must agree to take less than full owed money from the.
Probate and tax stamps transfers.