PROBATE INVESTING 2014 – INVEST IN YOUR FUTURE LEON MCKENZIE
Untold Number of
Leads Always
Personal Property
Leads
Available
is Available
~ 6 million unsettled
Over 2 million new
99.9% of Probate
probates every minute of
probate
cases have some type
every day in the United
each and every year
cases
open
of
States, Estimated value
personal
property
opportunity
of $600 Billion.
Residential
Most Executors
Many Residential
Properties in Most~
are “Out of
Properties will
70-75% of probate
County”
Be Sold Soon
cases have some type
~85% of the Executors
If the Executor is going
of real estate
do not live in the county
to
opportunity.
where
Property in the Estate,
the
probated
property is situated
sell
Residential
~65% of the Estate will
sell within 4-8 months
Understanding Probate is Not Difficult
You might imagine that when a widow passes away
at the ripe old age of 101, her children or relatives
How do you go about finding below market
automatically inherit her house. They may continue
properties? There are so many people looking for
to live there, however the house may eventually be
properties how do you find ones that you can buy
sold on the open market to whoever makes the
and sell so that you can make the type of money
highest offer. The disposition of a decedent’s
that you need to secure your future? Investing in
property may seem like a private, closed process,
properties found in Probate can be your key to
but it often isn’t. Many factors can influence the
Success!
way an estate is disposed of:
Probated property is anything that is owned by
Sometimes the decedent has no heirs and has not
person when that person passes away and his or
left a will.
her estate is settled. You might think that
everything a decedent owned including their home
•
The property may be in danger of being
or other real estate property is always willed to
foreclosed because mortgage payments
their heirs, who then do with it what they please or
can’t be met.
as they are instructed by the person’s will. To the
casual observer the process of probate might
seem very straightforward.
•
Possibly, the heirs simply can’t agree on
what to do.