Traditional banks and institutional lenders don’t lend on properties currently going through the probate process. If funds or inheritance advances are needed, then a probate hard money loan is the only way to go and we offer the best terms and qualifying standards in Los Angeles.
With a Los Angeles probate hard money loan you can receive your inheritance advances now. We have been providing probate estate loans to heirs of probate estates and to trust beneficiaries in Los Angeles, Orange County, Santa Barbara County, Ventura County, San Diego County, and throughout the state of California for close to 40 years. We are not concerned if you have poor credit, bad credit history or even no income because if you are the executor or administrator of the probate estate, we can arrange a probate hard money loan based on the equity of the probate-owned real estate.
You’re in good hands with Westar. Our loan process is smooth and seamless.
- Outstanding attorneys fees
- Court costs or fees
- Monthly payments or creditors of the probate estate or beneficiary
- Property repairs of the probate estate
- Taxes or other obligations owed by the probate estate
- Funeral and burial expenses of the deceased
- Ongoing expenses owed by the probate estate
- Claims submitted by the executor of the probate estate
- Professional expenses, i.e., accountants who prepare estate tax returns
- Preliminary distribution to one or more beneficiaries of the probate estate
Interest Impound Reserves
Our probate hard money 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.
Typically, most of the probate hard money 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, the money can be distributed as estate proceeds due to the beneficiary.
We work directly with the probate attorney or executor/administrators of the estate to work out all of the necessary details and court approvals. If the requested financing does 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. Under most circumstances, our probate hard money loans can be paid back from assets of the estate which allows borrowers to not have to make any monthly payments.
Westar Lending Group provides the needed funds to meet financial obligations of the probate estate prior to final court settlement. Emergency cash is available when needed.
PROBATE LOAN FORM
EQUAL HOUSING LENDER
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.