Loans to
Probate
Location: Anaheim, CA
Funded: $1,150,000
Private Loan Type: Probate Loans
Deal Highlights:
Deal Summary:
Mom died suddenly and intestate (without a will or trust). During the probate process, the heirs determined who wanted to keep the property. With no other assets, the attorney petitioned the court to allow for the administrator to encumber the property to provide the liquidity to equalize the estate. The final order from the court allowed the cash to be distributed to the three heirs that wanted their share in cash, and the property to the remaining heir. From there, the heir was able to refinance into more permanent financing to repay our probate loan.
Deal Details:
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