Tuesday, October 23, 2007

What is a Probate Real Estate Sale?

Q. What is a Probate Real Estate Sale?

A. A Probate Real Estate Sale is governed by the probate court. When a person passes away and there is no will or the will is contested the court has a process of administrating the estate of the decedent, and specifically in regards to the real estate owned by the decedent the process of selling that real estate is very different than a typical transaction. This sale requires court approval and the terms are very different from a traditional transaction.

For additional information about probate real estate, please visit our website at http://www.sanbornteam.com/.