As per Hard Money Probate Loan Program, Borrowers can seek funds on properties that they own and are under the Probate process. We have twenty years of experience in the field of Probate Financing and we have been providing probate loans to heirs of trust beneficiaries and Probate Estates in the state of California. Rest assured, your limited income or past credit history is not a problem for us in getting you the money you need.
Contact us if you need a Hard Money Probate Loan in Los Angeles, California.
Paying off in full or monthly to creditors of the Probate Estate
Paying burial and funeral expenses of the deceased
Paying claims submitted by executors of the Probate Estate
We work in association with the Estate Administration/Attorney of the Estate to work our all the court approvals and other details for the Probate Estate. In most cases, the private equity loan is paid off from the assets of the estate and therefore, the Borrower does not need to make any monthly payments. Our Hard Money Probate Loans are specifically designed for probates that require immediate financing for any immediate obligations.
We provide the necessary documentation and financing disclosures required for court approval for the requested estate financing. Remember this that the cost and terms vary depending on the complexity of the Probate Estate and the time required to distribute and administer the assets of the estate.
INTEREST IMPOUND RESERVES
Typically, most of the Probate Loans that we fund can be “Over-funded” to set up an Interest Impound Reserve Account to cover required monthly interest payments due until the probate receives the Order for Final Distribution from the probate court. If there are any unused funds remaining in the Interest Impound Reserve Account, then the money can be distributed as estate proceeds due to the Beneficiary.
We work directly with the Estate Attorney or Executor/Administrators of the Estate to work out all of the necessary details and court approvals for the Probate Estate. Under most circumstances our Private Equity Loan can be paid back from assets of the estate, so in most circumstances our Borrower doesn’t need to make any monthly payments. We provide needed funds to meet financial obligations of the Probate Estate prior to final court settlement. Emergency cash is available when needed.
Our Hard Money Probate Loans are designed for probates that require immediate financing for needed obligations and for beneficiaries who are in need of funds prior to the completion of the probating of the estate and the ultimate estate distribution.
If the requested financing requires court approval, can prepare and arrange to deliver to the court the necessary documentation and financing disclosures sufficient for the court to approve the requested estate financing.
Our terms and costs vary depending on the complexity of the Probate Estate and the time necessary to fully administer and distribute the assets of the estate.
Some products may not be available in all states. Restrictions apply. All rights reserved. Pre-qualification is neither pre-approval nor a commitment to lend; you must submit additional information for review and approval. Approval may be subject to rate increases, satisfactory title and appraisal review, and no change in financial condition.
*Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.