How does Real Estate and Probate Work?

How does Real Estate and Probate Work?

When a person dies and leaves a mortgaged house. A probate fee will be sought from the beneficiaries / those left behind. This probate fee is determined by the value of the property. If the beneficiaries cannot pay the fee to close probate on the mortgage property the property will be sold. This sale is often known as an estate sale.

The real estate transaction could be contested. The contesting will occur if there is a disgruntled heir or a decedent did not follow the correct legal formalities. This contesting could postpone the estate sale or transfer of ownership for a long time. However, most probates go uncontested.


If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125

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