Probate Short Sale Help!

When the borrower(s) on a mortgage loan pass away and no Will was left the property likely will need to go through probate if there is no right of survivorship in place. Many individual heirs who take title due to the right of survivorship or because of a Will feel that they have complete control of the property. They may be the owners on title but they may run into hudles with work out options with the bank if the loan is in default or underwater. If there is not an executor of the estate named then a short sale will not be an option as the bank will only speak and work with the executor or the borrower(s) on the account. Many times this puts the homeowner in a position where the property will need to go through probate to have an executor of estate named. A Probate Short Sale can be a complicated matter and it is best to consult with an attorney or a professional to point you in the right direction.

For any assistance on a Probate Short Sale, please fill out the form below for a member of our team to contact you right away to point you in the right direction.