Estate Sale Subject To Probate
I'm brand new at REI and am looking at a fixer upper opportunity that says it is an Estate Sale subject to probate. What does that mean to me? Should I stay away or is it worth going after?
Thanks
I'm brand new at REI and am looking at a fixer upper opportunity that says it is an Estate Sale subject to probate. What does that mean to me? Should I stay away or is it worth going after?
Thanks
It could mean anything from a little extra process to you've stepped into a middle of a family feud and you'll endure delay after delay and then the deal will fall through.
In between those two extremes, what you should expect is that the deal will have to be signed off on by the probate judge before the deed can change hands. Probably will add 30-60 days to the pendency of the deal.