Probate Real Estate Investing – A Lesser Known Investment Opportunity
Probate real estate investing involves buying property from probate estates. Probate is the process used to inventory and distribute assets owned by someone who has died. Depending on the complexity of the estate, the probate process can last between six months to three years. During this time the estate is responsible for maintaining the property and paying mortgage payments, utilities and insurance.
Probate real estate investing provides an opportunity for estate administrators to sell real estate holdings. This is particularly beneficial for administrators who are struggling to pay mortgage payments or maintain upkeep on property held in probate.