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

10 Comments

  • Georgia Grant on July 29, 2017

    This sounds amazing! I’ve noticed situations where people can’t afford to fix their broken home or building, and this would be perfect to allow them to fix it up and get a good price for it if they sell!

  • Natalie Schobert on July 31, 2017

    This is helpful information for anyone looking to sell! It would help anyone transition from looking to sell to getting that first offer. Thanks!

  • Natalie Schobert on July 31, 2017

    This is beneficial information! It would help anyone who needs extra help. It would also help them transition from looking to sell to getting that first offer! Thanks!

  • Amanda Lacey on July 31, 2017

    Good to know that this is available in the area. I know there are plenty of people who can utilize this service!

  • Bianca Simpson on August 1, 2017

    Great to know that this information is available! I will keep this in mind when I or someone I know needs it.

  • Christine on September 26, 2017

    Very informative information to know that their are options to fix a home that can be sold to the next buyer from the home owner! Thank you.

  • Shi on September 26, 2017

    What if the home is really damaged like broken doors and windows to name the few of the fixes that may not be covered and are there alternative solutions for this situation?

  • Riley Ellis on September 27, 2017

    Interesting addition of junior loans! The perks of it sound incredibly beneficial

  • Charly Neel on September 30, 2017

    This is a great offer! I can imagine that monthly payments on top of paint/repair expenses can make the home selling process more intimidating.

  • Mabel Smith on October 14, 2017

    Thank you for sharing! This is very helpful.

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

How Can We Help? Contact Us Today

Send us an email via the form below, or call our office directly. We look forward to assisting you with your Probate and Trust Loan needs.






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