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Updated about 6 years ago on . Most recent reply

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Jeffrey Mathurin
  • Realtor
  • Fort Lauderdale, FL
1
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17
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Wholesaling probate in Florida

Jeffrey Mathurin
  • Realtor
  • Fort Lauderdale, FL
Posted

I've done multiple probate deals as a realtor but I want to start wholesaling probate properties. In most instances, the personal representative needs court approval once the property is under contract. The court requires a CMA or an appraisal to show the property is being sold for a reasonable price. My question is how do I get around that being that I would be looking to get these properties for a lot lower than market value? Your help is greatly appreciated.

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Mark Pedroza
  • Real Estate Agent
  • Sacramento/Placer ~ San Francisco Bay Area counties
743
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1,580
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Mark Pedroza
  • Real Estate Agent
  • Sacramento/Placer ~ San Francisco Bay Area counties
Replied

Maybe @Long D. can chime in on this thread. He's a Trust, Estates and Probate attorney who covers all of the state of Florida.

I wouldn't even consider doing what your thinking of doing. 

Fiduciary responsibility to the families/estate(s) you represent, I sense a future lawsuit.

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