Probate & Estate Financing

Probate is the legal process in which ownership of assets are transferred from a deceased person to his or her heirs and the payment of creditors and taxes is completed. The property owned by the deceased person is called the “estate.” The person who makes a will is called a “testator.” The … [Read More...]

Estate loans are a very specialized product, as 99% of the lenders will not make these kind of loans. If you call a conventional lender such a bank or a large mortgage company, they will probably tell you they can't lend on estate property. There are 2 main reasons for this: 1) estate loans cannot … [Read More...]

An overview of increasingly popular methods for attorneys to use probate or trust owned property to finance estate debt, pay attorney fees and to buy out other heirs' interests. Fiduciaries such as executors, administrators or trustee may borrow on behalf of the estate and sign for the loan in that … [Read More...]