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2 result(s) displayed (1 - 2):

July 20, 2010

Probate Property

Buying probate property is a little-known way to enhance investment portfolios or buy a house priced below market value. Investing in probated real estate requires a little more work than buying homes from realtors or mortgage lenders, but the savings can be well worth the effort.

Probate property is real estate held in probate court. When a person dies their assets are held in probate until the last will is validated and outstanding debts are paid. On average, the probate process lasts between three and nine months. Inheritance property cannot be distributed to heirs until the estate is settled.

Real Estate Investing article on "Probate Property"

May 30, 2009

Probate Courts

Probate courts were established over 200 years ago to handle legal matters governed by equity law. The primary difference between equity law and civil matters is that equity cases involve entering decrees which direct someone to act or refrain from acting.

Probate courts focus on life matters that do not involve monetary awards. The most common cases heard in probate courtrooms include inheritance, estates, trusts, guardianship and conservatorships. Probate laws vary by state, city and county. Most cases require the assistance of a probate attorney.

Real Estate Investing article on "Probate Courts"