What information does a Probate Attorney need to provide to the client?
The inevitable information required in this matter is the necessary ‘’Parameters’’ that are requested relative to the value of the Real Estate, property location, lien position and loan amount.
Do hard Money Brokers need to speak with a Probate Attorney?
Yes, it is important for us to speak with the Client/Borrower to make sure that they are aware of the loan that is being requested and also the effects that the loans bear on the assets of the Probate Estate.
What is the procedure of signing the loan documents?
It is necessary to meet with the Administrator or Executor of the Probate Estate to sign the documents.
Are there any Credit & income requirements to obtain a Probate Loan?
There is no such Credit & income requirement for obtaining a Probate Loan. State and Federal Laws states that the Borrower should have the ‘’Ability to Pay’’ for any real estate loan that is funded by our company.
What is the Time frame for obtaining a Probate Loan?
The standard time frame is 1 to 2 weeks. We provide the necessary and requested information in a timely manner. The time can be longer if a Probate Hearing is necessary that is based upon the hearing schedule of the Probate Court.