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Updated about 2 years ago on . Most recent reply

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509
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Jared Vidales
  • Investor
  • Scottsdale, AZ
134
Votes |
509
Posts

Probates in California

Jared Vidales
  • Investor
  • Scottsdale, AZ
Posted

We're seasoned pre-probate investors in Arizona. We're great at finding deceased owners, and working with the Heirs to name a Personal Rep, and ultimately buying their property. 

We want to apply the same strategy to deals in California. 

However, I'm getting conflicting information regarding the Probate process in CA, where all properties must go through the overbid process, and properties cannot sell for less than 90% of the appraised value. 

Is this correct? The goal would be to work with the errors, name one of them as the RP with full authority, and purchase the property without involving the courts. 

Any advice?

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