All Forum Posts by: Dave Metsker

@Timothy Cervantes 

I love tax deed sale properties.  Some of the best deals I have seen are from tax deed sales.  Delinquent taxes, together with a deceased owner whose relatives have no money, is about the best opportunity you could ever ask for.  Another variation of the golden opportunity still exists, even if there is a Medi-cal lien that appears to be more than the value of the property.

@Wesley Merville 

There are several paid probate lead suppliers.   

@Erick Martinez 

It appears to me that Mary Ann transfered the office of PR to Eric and Cassandra, as joint PR's.  If in doubt, contact both.

@Wesley Merville I lend to the heir(s) up to one-third of the cash value of the estate, as a lien against the proceeds, which, of course, come from the sale of the house.  This gives me leverage to make sure I get first shot at the purchase of the house.  This can be done in just a few days, as soon as the equity in the house is confirmed.

@Eric Z. 

My best source has been "red tag" code violatons. No MLS listing wll be accepted by a real estate broker without probate authority. Team up with an investor-friendly probate attorney. He/she will be happy for any referals, since the statutory probate attorney fees are quite generous, for the property values in your area. I also offer an inheritance advance referal source in my marketing materials.

@Eric Z. has given the answer.  My experience, like his, is that a house with a delinquent mortgage and lots of equity, is one of the best targets you can find in the probate field.  The family has neither the willingness, nor the ability, to deal with the situation, and you are the source of help for them.   Both Rick and myself are available to help you in more detail.

Rreal property is where the money is.

@Mikhail Sazonov 

Team up with a reverse mortgage broker, and share probate leads for surviving spouses.  These spouses will eventually die or move out of the property, at which time the broker can refer the lead back to you.  I am a reverse mortgage lender in my state, so I offer that service, as well as inheritance advance payments, and the purchase of the decedent's property.

@Marcus Kennedy 

The PR is an administrator if there is no will (intestate), and is an executor if there is a will (testate).  The female versions are administratrix and executrix.

Start with the most recent.  Probates older than one year are more likely to have already decided what to do with their real property.