Housing Realty
(818) 818-0303
Paul Marduk
Broker

Probate Sale 



Housing Realty provides Listing and Selling Probate Property services in the San Fernando Valley CA, Simi Valley CA, and Santa Clarita Valley CA.


In California, if homeowner passes away without a living trust and his or her house is worth more than $150,000, then the only way to sell the house is to have go through a probate sale in the San Fernando Valley CA, Simi Valley CA, and Santa Clarita Valley CA.

 

The probate process starts with filing of the probate petition.  You may not place the house on the market unless the court has issued a document called  "Letters".  Letters document signifies that you are the official Personal Representative of the deceased's estate. This Form will tell you if the personal representative has either full or limited authority to sell the house.  It is best to ask the probate attorney to petition the court to give you Full Authority.  Housing Realty offers Knowledge and Personal Service of a Real Estate Broker with 20+ years Experience and can sell your property in the San Fernando Valley CA, Simi Valley CA, and Santa Clarita Valley CA.

 

If Full Authority is granted under the IAEA, then your probate transaction is almost like any other normal real estate transactions.  After the court issues "Letters" with full authority, then you could sign the listing agreement, market the property, and accept an offer. The probate attorney then mails out another Form called the "Notice of Proposed Action" and if no one objects after 15 days, then you can close escrow.  However, if the court grants only limited authority under the IAEA then the process of selling real estate in probate becomes significantly more complicated.  Under limited authority, you must publish a notice of sale in a local newspaper, file a Form called "Report of Sale and Petition for Order Confirming Sale of Real Property", and attend a court hearing where the sale will be subject to an auction known as the "overbidding process". The judge will sign an order with the name of the winning bidder on it and then you can close escrow.


For additional information and inquiries on probate sales in the usual situation in the San Fernando Valley CA, Simi Valley CA, and Santa Clarita Valley CA refer to the "Contact Us" form or call/text: (818) 818-0303


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