Northridge, California. – In October 2017 a Probate Attorney contacted our company about a Probate Client that needed funds prior to the completion of the Probate court case. The Probate Estate Executor’s intentions was to pay outstanding legal fees and later make repairs to the property preparing it for sale. There was a hostel and non-cooperative family member who living in the Subject Property and would not let anyone in the house, including mortgage lenders looking to inspect the property.
Due to the very low LTV (Loan to Value) for the proposed loan, we were able to fund the loan without inspecting the interior of the property. Northridge, California.
Our residential hard money loans are designed to assist borrowers obtain real estate financing especially after their home loan applications have been declined by the banks due to credit or income issues. Our loans are flexible on income and credit, and based on property equity.
We provide advice and guidance to probate attorneys on required court documentation that will be needed and, further, we can prepare these court documents to obtain court orders. We are a valuable partner to probate attorneys in securing needed inheritance advances with probate real estate loans throughout the state of California, especially Los Angeles, Orange County, Santa Barbara County, Ventura County, and San Diego County.
An administrator, executor, probate attorney or beneficiary can initiate the request to obtain a probate real estate loan. The executor of the probate estate must have been issued Letters of Administration which empowers the executor to make necessary decisions – such as obtaining a probate loan.
If your firm has many outstanding probate cases that are comprised of mostly real estate-only estates and there exists a substantial amount of unpaid attorney fees, we can improve your firm’s cash flow and assist your clients with immediate loan funding.
18034 Ventura Blvd Suite 244
Encino, California 91316