What is probate real estate investment?
Investment in probate real estate offers an opportunity for property managers to sell real estate. This is particularly beneficial for administrators who are struggling to pay mortgage payments or maintain the maintenance of properties held in succession. The real estate investment involves the purchase of properties from the estate. Probate in Oklahoma is the process used in inventorying and distribution of assets that belong to someone who has died. Depending on the complexity of the estate, the succession process can last between six months and three years. During this time, the estate is responsible for maintaining the property and paying mortgage payments, utilities, and insurance. The first step of investing in probate estates requires a visit to the local court where inheritance matters are handled. When an estate is placed in succession it becomes a matter of public record. In Oklahoma probate procedure , it is necessary to find the most information about the estate ca...