Foreclosure
Probate Property Partners specializes in navigating the complex world of foreclosure properties. Our team has decades of experience in the real estate industry, we have established ourselves as leaders in assisting buyers, sellers, and investors in acquiring and selling distressed properties.
What is a foreclosure?
Notice of Default: When a borrower is 120 days behind on their mortgage, the lender sends the data to a neutral third party called the Trustee to file a Notice of Default (“NOD”). The notice is mailed as well as posted on the front door of the house. The amount on the NOD is past due payments, late fees and any legal and filing fees.
Notice of Trustee Sale” The Notice of Trustee Sale (“NTS”) If the default is not cured, the Trustee files an NTS. This is filed at least 20 days before the auction on the courthouse steps. These notices are also mailed and posted on the door.
Best time to sell if the borrower can’t pay?
The best time list is before the NOD is actually recorded. Once the NOD is recorded, the world is on notice and all of the opportunists come out to make low offers so they can make a profit off the resale. The worst time to sell is when the NTS is filed. Now that you are marching towards the courthouse steps, you may run out of time to close your sale. Leaving the cash buyers with their low offers.
At Probate Property Partners we understand that selling a home in foreclosure can be an overwhelming experience. That’s why we are dedicated to providing our clients with the knowledge, expertise, and support they need to navigate the process successfully. Whether you’re a first-time homebuyer, an experienced investor, or a homeowner facing foreclosure, our team is here to guide you every step of the way.
Probate Property Partners has extensive experience working with lenders on behalf of the distressed home owners. We will take challenges and turn them into opportunities for the homeowner during this stressful time. We gather all of debts owed on the property, give an opinion of value on the home and provide and estimated net sheet so the homeowner can start making plans based on how much money they expect to receive. The lender will also have an appraisal or other valuation so they can determine if and how much equity the home has.
As experts in the foreclosure market, we have access to a vast inventory of distressed properties, including bank-owned homes, short sales, and auction properties. Our extensive network and industry connections allow us to identify lucrative investment opportunities and find the perfect property to meet our clients’ needs and objectives.
What sets Probate Property Partners apart from other real estate companies is our commitment to personalized service and attention to detail. We understand that each client’s situation is unique, and we tailor our approach to meet their specific goals and requirements. Whether you’re looking for a fixer-upper to renovate and flip, a rental property to add to your portfolio, or a dream home at a discounted price, we will work tirelessly to help you achieve your real estate goals.
When you choose to work with Probate Property Partners, you can expect:
1. Expert guidance: Our team of experienced real estate professionals has in-depth knowledge of the foreclosure market and can provide valuable insights and advice to help you make informed decisions.
2. Comprehensive Services: From property search and evaluation to negotiation and closing, we offer a full range of services to streamline the buying and selling process and ensure a smooth transaction from start to finish. Recommending the right professionals when needed.
3. Strong Negotiation Skills: Our skilled negotiators will work tirelessly to secure the best possible deal for whether they are buying or selling.
4. Transparent Communications: Ensuring open and transparent communication throughout the transaction.
5. Homeowner Support:
- Avoid Foreclosure: We work with homeowners to explore alternative solutions, helping them avoid the pitfalls of foreclosure
- Short Sales: Navigate the complexities of short sales to minimize the impact on homeowners’ credit and financial well-being
In addition to serving individual buyers and sellers, we also work with financial institutions, asset management companies, and government agencies to assist with the disposition of foreclosed properties Our team has a proven track record of success in marketing and selling distressed properties quickly and efficiently, maximizing returns for our clients.
We at Probate Property Partners are dedicated to providing exceptional service, delivering outstanding results, and exceeding our clients’ expectations Whether you’re looking to buy, sell, or invest in foreclosure properties, we are here to help you achieve your real estate goals. Our clients are at the