Did you inherit real estate?
Has no probate been done?
Are there unpaid property taxes?
Are there unpaid mortgage payments?
Are there unpaid association fees?
No Probate = No Insurable Title
Without a probate, title insurance companies won’t issue a policy, and most buyers won’t buy.
When property taxes go unpaid, interest and fees add up. The longer the taxes go unpaid, the harder it is for the heirs to get anything for the property.
When mortgages go unpaid, interest rates jump, and late charges, attorney fees, and foreclosure costs can eat away at any equity left in the property, most of the time, leaving the heirs with nothing.
Unpaid Association Fees
Homeowner and condo association are notorious for charging high fees for late payments. Some of them will also foreclose quite quickly, adding court costs, and expensive attorney fees. Often, the heirs get nothing afterwards.
Whether you lose your inherited real estate at a tax auction, a foreclosure auction, or an HOA auction, odds are you won’t get much, if anything.
After the Auction
Sometimes we can even give you cash after the auction, when you think everything is lost.