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.
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!
This is helpful information for anyone looking to sell! It would help anyone transition from looking to sell to getting that first offer. Thanks!
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!
Good to know that this is available in the area. I know there are plenty of people who can utilize this service!
Great to know that this information is available! I will keep this in mind when I or someone I know needs it.
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.
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?
Interesting addition of junior loans! The perks of it sound incredibly beneficial
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.
Thank you for sharing! This is very helpful.