Real Estate Loans Available While in an Active Probate
Loans from
$100,000-$1,500,00
Based on the equity in subject property.
Traditional Banks
will not arrange loans while probate is open.
First Security Mortgage
is an Equity Based Lender, and will arrange financing on properties while the probate is ongoing.
We only require Letters of Testamentary with the ability to encumber or sell authorized by the court.
$2B+
In funded real estate loans
50+
Years in operation - we've been in business since 1972
2 wks
We can close in as little as two weeks. Qualifications based on property equity.
Ready for a Detailed Loan Proposal?
All we need is the following:
- Property address
- Property Value
- The amounts owed on any and all loans on the property
- New desired loan amount
- Purpose of Loan : Examples being - Pay off reverse mortgage , pay off departing heirs, pay for home improvements prior to sale, etc.
What will your do with your Loan?
Pay off a Reverse Mortgage
Pay Off Departing Heirs
Pay for Home Improvements Prior to Sale
When a Real Estate Loan While in Probate Makes Sense
- Pay off a reverse mortgage even if an NOD or NTS has been filed
- Disputing heirs? We can pay off the interest of an heir or heirs prior to the probate closing
- Funds needed to pay ongoing attorney fees & other estate fees
- Since traditional bank financing is not available during probate, our loan can be a transitory loan until the probate is closed and the remaining heir can then obtain traditional financing or sell the property.
*Requires Letters of Testamentary
How long does the process take?
Our loans can close in 7-10 days.
Is an appraisal required?
Yes, but we can use any appraisal that has been completed in the past 6 months.
How soon can the new loan be paid off?
All our loans are for 7 years, interest only, and with no pre-payment penalty.
Is the loan based on a good credit score?
No. Yes, we run credit, but the score will not affect the rate.
About First Security Mortgage
First Security Mortgage is a family-Owned and Operated company that has been
arranging Private Money Loans in California since 1972. Your loan will never be sold as
we service all the loans that we originate. We strive to be 100% accountable to both the
borrower and the investor as both are equal partners in our continued Success.
Company NMLS: 337470
BRE # 00655580
www.nmlsconsumeraccess.org
