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Probate Short Sale

Short Sales can be tough and when probate is required, it can make it more dreadful for heirs and real estate agents. If there is no trust holding the property, property would need to be open so someone could be granted authority over the asset and loan.

Proof of executorship is needed for a short sale when a borrower is deceased. Even if a non borrower was granted ownership prior to the borrower being deceased, a short sale would not be possible without executorship to handle that borrowers affairs surrounding the loan.

¬†Some heirs who are involved with an insolvent estate¬† choose to not open probate to complete short sales. Others depending on loan type ( reverse mortgage ) will do what’s necessary as they want to purchase the property via a short sale.

If you need Probate Short Sale help or have questions, please fill out the form below or call 1-800-692-9960 and a specialist will be in touch with you shortly.

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