HomeRun Homes Rent to Own Homes Blog

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HomeRun Homes is a centralized marketplace which helps people Find or Sell a Rent to Own Home, both Nationwide and Globally to the thriving Rent to Own Market. http://www.lease2buy.com
Showing posts with label REI. Show all posts
Showing posts with label REI. Show all posts

September 27, 2011

Real Estate Investment in Probates

Hi Folks,
   Hope your week is going well. Although it is my favorite time of year, when cool weather should be here, it certainly does not feel like it yet!

   The broad umbrella of Real Estate Investing could be carved into many, many different niches, and one of those that you might find interesting and rewarding is what is referred to as "Probate Real Estate Investing".

   What is "Probate"? Probate is the legal process used to distribute estate assets of a person who has died, as per the Stockmarketsreview.com website, in an article written by Simon Volkov, a California real estate investor who specializes in helping individuals with probate real estate investing.

   This specific investment strategy involves buying real estate held in probate, and as Volkov writes, "In the best cases, probate takes about six months to settle", with the possibility of "complex issues or family disputes surround the estate", which can drag on for years. How can Probate Real Estate Investing (REI) help? It can help the heirs liquidate Real Estate before the probate settles.

   The question is; "Why would heirs need to liquidate real estate holdings"? There could be many reasons, as Volkov says, and adds that one of the most common reason is that "the estate has insufficient funds to maintain the property." For example, the estate is responsible for making payments for property related expenses, i.e. Mortgage Payments, to avoid foreclosure. In addition, these expenses include homeowner’s insurance, property taxes, utilities and possibly even homeowner’s association dues. Out-of-town heirs need to maintain the property, but cannot from long distance, so often the estate will hire outside help, such as landscaping and pool maintenance).

   Real Estate Investors - Perk up your ears....

   As Volkov writes; "The majority of heirs do not know they can sell real estate holdings during the probate process." However, as he adds, "Some states require court confirmation prior to selling probate property." (and reminds us that "experts recommend working with an attorney when buying or selling real estate suspended in probate"). Probate real estate investing is a special niche not many investors know about, writes Volkov. Untapped market?

   What do you need to begin? Know your market, know the judicial process, and head to the local courthouse, as Volkov suggests, to see where probate cases are handled, since probated estates are public records and can be viewed by anyone. He suggests checking the info in the decedent’s last will and testament (Volkov says that this will include contact info for the estate administrator, along with the "decedent’s wishes for distribution of assets and personal belongings."

   The will also contains property info, and he suggests a search of the deed records, in which you can check the chain of ownership, and if there is currently a mortgage on the property (If so, the estate may need to sell the property quickly, says Volkov). Initial contact will be made with the estate administrator. This can be done by phone, mail or in-person, and Volkov reminds us that you must be respectful and offer condolences.

   Footnotes on Probate REI:
   * The estate administrator is authorized to make decisions on behalf of the estate.
   * If multiple heirs are entitled to the property they must all agree before the sale.
   * Delays can occur if court confirmation is required.

   Overall, some fantastic info from Mr. Volkov. This is something that is not heavily capitalized on currently by Real Estate Investors, so if you give it a try, please give us some feedback.

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Have a Great Week, and Happy Rent-to-Owning !
Rob Eisenstein
HomeRun Homes Blog: http://blogging.lease2buy.com
HomeRun Homes Websites: http://www.lease2buy.com and http://www.homerunhomes.com

TAGS: #Probate #RealEstateInvesting #estate #heir #foreclosure #REI #will #testament #deed #mortgagenote

September 1, 2010

Public Speaking on Rent to Own? Finally !

Hi All,

   Hope you are having a Great Day !

   We have had a lot of feedback and requests for us to provide Public Speaking appearances, and please be assured, we have listened to you ! In response, we have just released the following Press Release on the wires about that new service we are offering:

For Immediate Release:

HomeRun Homes
(631) 676-3609
(631) 574-2420

Rent to Own Home Executive Offers Speaking Appearances

Ronkonkoma, New York, September 1, 2010 - The President and Chairman of HomeRun Homes HomeRun Homes (www.Lease2Buy.com) has committed to speak publicly on Rent to Own, the rapid success of his company, and on business and motivational topics.

Rent to Own, Business Development, and Motivational Techniques

Robert Eisenstein, the President and Chairman of HomeRun Homes (http://www.Lease2Buy.com), who has led the company through a number of ups and downs in the Real Estate market since 2002, has announced that he will now commit himself to speak at Conventions, Real Estate Meetings, and other Business-related gatherings.

Eisenstein, in previous years, had turned down such requests, stating that he, "needed to pour 100% of himself into expanding HomeRun Homes into the one-stop shop for Rent to Own". Most recently, Eisenstein has said that there is a wealth of knowledge that he has accumulated over the past 8 years in terms of, "the rent to own market, business creation, business development, and general motivational techniques", which is all, "critical information for anyone looking to climb their way to success".

Eisenstein hold a Bachelors in Business Administration (BBA Finance '92) from Baruch College in New York City, and has both a Financial and a Technical background (Microsoft Engineer and Cisco Certified), which many have recognized as the driving force behind the success of the company.

In capturing increasingly wider Press coverage, the company was recently featured in AOL Patch, in a new American Express Magazine, in "Canadian Real Estate Magazine", and in multiple other publications and Blogs, which can all be read in the Press Center on their website.

For additional information on the topic, "Rent to Own Home Executive Offers Speaking Appearances", please visit http://www.Lease2Buy.com


HomeRun Homes is a Centralized Marketplace which helps people Buy or Sell a Rent to Own Home, a Commercial Property, or to offer Home Services nationwide and globally to the thriving Rent to Own market.

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We hope that this satisfies your requests, and we certainly look forward to discussing Rent to Own and the Real Estate Market at your next convention or other venue. For more information and to reserve space, please continue here: http://www.lease2buy.com/speak.php

Have a Great Day, and Happy Rent-to-Owning !!