Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

2,383
Posts
1,110
Votes
Bob E.
  • Queen Creek, AZ
1,110
Votes |
2,383
Posts

Probate Laws in Illinois

Bob E.
  • Queen Creek, AZ
Posted

So we have a Non Performing note in Chicago and the borrower is deceased.  Can anyone advise how I find out who the executor is for the estate?  Would this be in public record somewhere?

Bob

Most Popular Reply

User Stats

174
Posts
64
Votes
Dave Metsker
  • Investor
  • Portland, OR
64
Votes |
174
Posts
Dave Metsker
  • Investor
  • Portland, OR
Replied

@Bob E. If you own a note and mortgage with equity, start a foreclosure.  Often, the family WILL NOT start a probate, if the only asset is a house in some stage of delinquency.  The foreclosure will get the attention of the family members (if any), and you can then negoiate with them, or contine the foreclosure, so you get the house WITHOUT  the need of a probate.  If you get a quitclaim deed from all heirs, you may be in a position to avoid any overbids at the sherrif sale, due to your redemption rights.  This is a very nifty technique we use here in Portland.

Loading replies...