Roger, recently you left a comment about probates and the 90% rule. I'm in California also. Granted I have never sold a probate property in my 12 years of real estate, but from my understanding is that as long as the offer is within 10% of the appraised value that it can be sold without court approval. In short, that basically paperwork needs to be submitted to the court that there is an offer and it is within the 10% appraisal window. And if there is or are offers outside of that 10% window, then the court gets involved and must review the offer(s).
Can you enlighten me on that? I'm just wanting to know. Not like I'm going to run out and start doing probates. I like my commercial business.
36 years of diverse real estate transactions, Probates, REO, shortsales, Interfamily transfers, Family trust sales, I have bought rehabbed and resold REO properties, I own and manage both residential and commercial properties. I accept and send referrals
No comments yet!
Welcome to REOPro - Real Estate Default Professionals