Wednesday, December 2, 2009

Courthouse, part 2

Before I talk about REI stuff, I just wanted to update a bit. My Mom got out of the hospital on Sunday and is feeling great! She's definitely taking things at a slower pace, to make sure she doesn't over do it. The Dr. said she could still make the visit up here for Christmas, so for that we are very thankful!

I went to the courthouse again yesterday, after taking a break for the week of Thanksgiving. This time I only picked up three leads. I skipped over the ones that had the spouse listed as the PR, as Ron suggests in his book. I also skipped the ones where the spouse was listed as an heir, but not the PR. The rest of the probate files that I looked at had no assets to probate.

When I got home, I looked at the assessors website and also the Register of Deeds records online. One of the leads was a dead end, as although there was real estate as part of the estate, it was transferred to one of the heirs outright after the will was probated. My guess is that this particular heir was the caregiver to the deceased and as such the deceased bequeathed the house to the heir in the will, and that they will now use it as their primary residence.

Based on the number of viable leads that I'm coming up with, I'm going to go to the courthouse less frequently, probably about once every other week. I'm also going to have to branch out a bit, and consider mailing to pre-foreclosures in order to increase my marketing efforts. The lis pendens for the pre-foreclosures are posted online, so I don't have to drive to the courthouse to get them. I would just need to get a marketing plan set up.

So anyway, that's it for now. I'm going to get my probate letters in the mail today.

'Til next time!

2 comments:

  1. Glad to hear the good news about your mom! It's going to be a great Christmas for sure.

    As far as the dead end lead you described, I wouldn't make that assumption. Mail to them anyway as you never know what the heirs real motivation is. Couldn't hurt.

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  2. Thanks, Scott!

    I took your advice and sent the letter to the lead. Like you said, it couldn't hurt. Hey, if a deal comes out of it, I'll split the profit with you. :)

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