Probate and Trust Sales
Probate and Trust Sales have a few different nuances that you need to be aware of.
The most common is a Trust Sale,
There are many reasons homeowners are in a place that they need to sell. Job transfer, need a bigger home, need a smaller home, need to sell due to job loss, need to get rid of a toxic asset, need to sell before the bank forecloses. These are a big part of determining what kind of sale the home will be. Here are the most common:
1. Standard Sale: This homeowner has equity and is in control of the sale.
2. Short Sale: This home owner is upside down in equity and usually does not have the funds to bring the loan current. This homeowner wants to avoid a foreclosure. The mortgage company will have to approve the terms of the sale, as it is being sold for less then the amount still owed.
3. Probate/Trust Sales: This happens most often when a person has died and the property is being sold by the executors of the estate.
No matter which sale type you need we have done them all and are able to help you maximize your profit or to manage a short sale to your advantage. Check out the articles and give us a call to see what the market value of your property is.
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