New Loan Product for Trusts and Estate

New Loan Product for Trusts and Estate

In my business of arranging loans to trusts and estates, I tend to find numerous trusts and estates in the process of selling real property.  Many of the properties have liens and mortgages and have been physically neglected.

First Probate Loans now offers a junior position, straight note of less than 12 months to assist the trust or estate to clean up, paint, minor repairs, and/or otherwise put the real property in a condition to be sold for for highest price.

Features and Benefits of the New Loan Program:

  • Cash for minor fixes and repairs to gain the highest sales price

  • Junior position loans so the main mortgage and/or other liens do not need to be paid off

  • No monthly payment as not to burden the trust or estate fiduciary in the process of selling the home

  • Cleaning up all title issues prior to the sale of the property

  • Two weeks or less processing time (unless court order is required) to lend

First Probate Loans manages the probate financing process for short-term loans to trusts and estates, post-property distribution loans, and distributions of trusts and estates. The company specializes in resolving challenging and difficult problems related to title reports. The company provides complimentary property profiles, recorded liens and last vesting deeds, upon request.

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About The Author

Jonathan Brooks
Jonathan Brooks, President of First Probate Loans Jonathan maintains highly specialized expertise in California real property, finance/lending, and trust and estate laws. He has completed nearly 10,000 financial transactions to estates and trusts in more than 25 years of probate loan management work. Jonathan is a trusted source for attorneys throughout California, as well as for mediation and arbitration judges. A recognized industry expert, he serves as a single source for estate mortgage borrowing needs. California Bureau of Real Estate Broker # 01881423 Nationwide Mortgage Licensing System and Registry NMLS # 307111 Paralegal

Encino Law Center
15915 Ventura Blvd.
Suite 203
Encino, CA 91436

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