If you've decided that investigating probate properties is something worth your while then you're at the right place
. Everyone sets their system up a little different and each state has their particular differences. However, there's an easy research method to go by and I'll show you what I do. It sounds like a lot in the beginning and it is. But, that's the beauty of acquiring these properties. You're offering a service to these people with fast closing for a discounted property at a time that they might not have thought of; with new found money!
Wikipedia: Probate is the legal process of administering the estate of a deceased person by resolving all claims and distributing the deceased person's property under the valid will. A surrogate court decides the validity of a testator's will. A probate interprets the instructions of the deceased and decides the executor as the personal property of the estate.
What you're shooting for is a simple method once your system isall set up. I personally like probates because you're dealing with a different crowd of folks. The heir's have just inherited a piece of real property (real estate). Especially if they have to settle on property taxes and any other debts of the deceased. The property may also be out of state. When you consider foreclosure people are often not happy about the situation of losing their home. For whatever reason they may have come on hard times, that were out of their control.
You want to read the Obituaries' or a Death Notice' in the newspaper or online. Different states will list the notices with different titles. You can also look at the notice to creditors. Then go to your court house and look at wills presented to probates in the file room that's open to the public.
Once a Petition for Probate' has been filed and a Personal Representative' has been appointed, then it's a go for you to send them a letter. The key to this business is just making a decision you're going to do it! Then do your research, take action and be persistent. I know of no other business you can get in for such little cost.