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.