Detroit Probate Process
I am looking to buy a non-performing note in Detroit as a property acquisition strategy. The note is about $3k and the value of the property is around $20k-30k. The owner is deceased. So, rather than foreclosing on the deceased owner, I would like to facilitate having the property title transferred to an heir, then do a "cash for keys" deal with the heir.
First, does anyone know what the probate process is like in Detroit? How much does it cost and what is the time frame for completion?
Second, is there a simple "transfer of title" of the property as an alternative to doing a full probate.
Thanks!!
Hello Sir. The probate process is long! Depending on who the PR and who is in the mix such as a spouse, siblings, children, etc. I'm currently in probate for my Father's properties. The heirs cannot transfer title. You have to go through the court and someone has to be appointed the Personal Representative for the Estate. Once someone is appointed, they can make the decision to sell the property.