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Updated over 10 years ago on . Most recent reply

Josh R.'s profile image
Josh R.'s profile image
Josh R.
  • Wholesaler
  • from Fort Worth, TX
  • Member since Aug 30, 2011
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Josh R.'s profile image
Josh R.'s profile image
Josh R.
  • Wholesaler
  • from Fort Worth, TX
  • Member since Aug 30, 2011
Connect
Josh R.
  • Wholesaler
  • Fort Worth, TX
45
Votes |
163
Posts
Creative Real Estate Financing

Owner finance on a house in probate

Josh R.
  • Wholesaler
  • Fort Worth, TX
Posted

I received a response from a yellow letter I sent to a probate lead this morning. The daughter says they want to sell the house and would consider financing the sale (the home is free and clear).

My question is when structuring an owner finance sale on a home in probate would we need to have an MLO involved to satisfy the SAFE Act or is this an exempt situation because it is the decedents immediate family?

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Josh R.'s profile image
Josh R.'s profile image
Josh R.
  • Wholesaler
  • from Fort Worth, TX
  • Member since Aug 30, 2011
Connect

User Stats

163
Posts
45
Votes
Josh R.'s profile image
Josh R.'s profile image
Josh R.
  • Wholesaler
  • from Fort Worth, TX
  • Member since Aug 30, 2011
Connect
Josh R.
  • Wholesaler
  • Fort Worth, TX
45
Votes |
163
Posts
Josh R.
  • Wholesaler
  • Fort Worth, TX
Replied

So you think I would have to wait until probate closes to finalize this deal Bill Gulley?

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