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PROBATE REAL ESTATE PROCESS MANAGEMENT
In a probate case, Executors and Administrators can be given two types of authority: full authority and limited authority. Full Authority empowers executors and administrators to act on behalf of the estate with less oversight from the probate court. Limited Authority, on the other hand, necessitates more court oversight, including an additional court hearing to allow for overbids.
NEARLY TWO DECADES OF EXPERIENCE
- Complete understanding of all Probate Real Estate Contracts in California
- Address any title issues that may arise as a result of the transaction
- Provide upfront vendor repair services that will yield the highest return for the
- Appraisals for the Date of Death
- Selling the property for less than 90% of the Probate Referee’s appraised value
- Estate, with vendor payment deferred until the close of escrow
- Experienced in selling property with court approval
Limited Authority (LAEA) - Real Estate Transaction
- Selling Price Must be Within 90% of Probate Referee’s Appraised Value
- 10% Customary Court Deposit
- Publish in Newspaper For Sale
- Accept an Offer
- Report of Sale & Petition For Order Confirming Sale
- Notice to Buyer, Beneficiaries, Interested Parties
- Court Hearing Date To Confirm Sale & Over Bidding Process
Full Authority (LAEA) - Real Estate Transaction
- Sign listing agreement
- Probate Purvhase Agreement
- Open Escrow
- Notice of Proposed Action allows private sale within 15 days without prior court approval