Updated over 5 years ago on . Most recent reply
Wholesaleing Probate Leads in Tx
I can come up with the offer, negotiate the price, and get it under contract, but what happens when the heirs haven't gone through the probate process in Texas?
Is my P&S agreement supposed to be structured a certain way? Closing date contingent upon court/attorney approval...
Is this something I let them handle on their own while under contract or am I suppose to guide them threw the court process?
Will the title company help us out?
I'm stuck.....I've been every where reading about prabate deals in Texas!
All advice would be greatly appreciated!
Most Popular Reply
No.....
- Get contract.
- Open title.
- Do what underwriter says to get marketable title.
- THEN you can assign the contract.
Sometimes the underwriter's requirements are simple as an affidavit of heirship that's easy to get or as difficult as getting an affidavit of heirship when no one is around to attest. Sometimes requires a court order. Sometimes the underwriter's requirements are bat-s!t crazy (then you either move the file to another title company or pass on the deal).
After you do one, it becomes clear. Not sure about "building rapport". For me, it was sending a letter then contract, but whatever works for you.
Hope this cleared things up.