In my 29 years working with fiduciaries and their attorneys, borrowing on behalf of trusts and estates is no simple matter, with complex probate, national and local real property finance lending laws. The intricacies of dealing with title companies and the three types of title reports are key to the process: Property Profiles that a title company provides typically disclose […]
In my business of arranging loans to trusts and estates, I pay off a significant number of reverse mortgages. As more seniors turn to reverse mortgages, surviving spouses or adult children become overwhelmed when one or both of their parents eventually dies. When a reverse mortgage borrower dies, the loan becomes due and payable; and, […]
As I embark on my 29th year working in and serving the probate and trust community, this resource guide will assist you to quickly find what you’re looking for: To find out what is necessary to obtain a trust loan, go here To find out what is necessary to obtain a probate loan, go here To learn more […]
We are proud to again participate as a Bronze Sponsor of The 25th Annual PFAC 2020 Educational Conference, this year in San Francisco, California May 27-30, 2020. To obtain more information about the 2020 PFAC Conference news via email, click here.
First Probate Loans introduced a new loan product a few years ago to provide liquidity to upgrade, fix, enhance and/or clean up homes, to allow the family to obtain the best sale value. Click here for more information These loans can be first trust deeds or in junior position (2nd, 3rd, or even 4th […]
By Ruben Gutierrez As a real estate appraiser specializing in valuations for estate administration, taxation, probate, and litigation support I have had the opportunity to work on numerous land valuation assignments over the past thirty plus years. Most of these assignments involve land located in the Antelope Valley portion of northern Los Angeles County. The Antelope […]
By Matthew Brooks Preventing a property tax reassessment may save a beneficiary or heir thousands of dollars annually depending on the difference between the existing assessed value and the current reassessed property value. First Probate Loans is the originator of the property reassessment tax strategy loan and we are here to assist you and your […]
The importance of protecting an investment such as a home – the largest single financial investment many people will ever make – cannot be overestimated. Understanding the role the title company plays in that purchase is important for homeowners and professionals alike.
We know that people who commit fraud often target and exploit senior citizens. Want to avoid being a victim of fraud? Check out the great list of specific tips the California Bureau of Real Estate has issued. They’re designed for seniors to use in protecting themselves against fraud in the area of real estate.
Effective Jan. 1, 2015, will be a new disclosure requirement important to understand. Here’s a brief summary.
The amount of documentary transfer tax and the location of the property will be required to be shown on the face of all recorded documents that are transferring property.